White & Case advises Perdaman on development and financing of US$4.2 billion Karratha Urea Project in Western Australia
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Global law firm White & Case LLP has advised Perdaman Chemicals and Fertilisers Pty Ltd (Perdaman) on the development and financing of the US$4.2 billion greenfield Karratha Urea Project in Western Australia.
"This is a transformational project adding significant capacity to the global urea supply chain," said White & Case partner Andrew Clark who led the Firm's deal team. "We have advised Perdaman for many years across all aspects of the project, working closely with Perdaman Chairman Vikas Rambal and the whole Perdaman team, and we congratulate them on this important milestone in their Australian ambitions. Combining our project development and finance, merger & acquisitions, property, land, environment and planning and tax capabilities, this transaction demonstrates the multidisciplinary offering we bring to bear for our energy clients in Australia and Asia-Pacific."
Development is expected to commence mid-2023 and once operational the plant, with a capacity of over two million tonnes per annum, will transform natural gas into urea, a widely used fertiliser. The plant will be constructed by Saipem and Clough (now a Webuild subsidiary) with the natural gas for operations supplied by Woodside under a 20-year Gas Supply Agreement, and 100 percent of the urea supplied to Incitec Pivot under a long term offtake agreement.
The White & Case team which advised on the transaction was led by partner Andrew Clark (Melbourne) and included partners Brendan Quinn, Candice Ota, Stephen Carlton, John Tivey, Aldrin De Zilva, Tim Power, Andrea Reeves and Hilary Cure (all Melbourne), counsel Ben Wu (Sydney), Paul Marshall and Tim Neilson (both Melbourne) and associates Chris Settle, Matt Sercombe, Sean Curran, SuZanne Yap, Ruveena Kaliannan, Emily Moreton, Thuy Finch, Sebastian Cross (all Melbourne), Reuben McGregor-Sumpter (Sydney) and Emily Cameron (Singapore).
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