Abu Dhabi’s sovereign wealth fund, Mubadala, has announced its investment alongside Global Infrastructure Partners in Perdaman’s $4.2 billion Western Australia Urea project. This project marks the largest investment ever in the Australian fertiliser industry, with an annual production capacity exceeding two million tons of urea.
“The plant will address the rising demand for high-quality fertilisers, reducing Australia’s reliance on imports and support the provision of food security for up to 90 million people,” the company said in a statement on Tuesday.
The plant will integrate cutting-edge technology to enhance energy efficiency and minimise emissions. Alongside displacing coal-based urea imports, the project will embrace clean technologies like solar energy and green hydrogen to reduce industrial emissions, aligning with Perdaman’s commitment to achieving net-zero emissions by 2050.
“Mubadala is delighted to diversify our growing portfolio with the investment in Perdaman’s world-class urea project in Australia,” said Saed Arar, Executive Director of Traditional Infrastructure at Mubadala. The investment aligns with Mubadala’s responsible investing mandate, supporting national and regional food security ambitions while reducing the carbon footprint of urea production.”
