Allan Blood, Chairman of LFL, meets the King and Queen of The Netherlands and the Dutch Minister for Industry prior to their witnessing the signing of the Shell Coal Gasification Technology Agreement for the Latrobe Fertiliser Project.
- The company has formally signed (3rd November 2016) its agreement with Royal Dutch Shell for the provision of Shell’s coal gasification technology. This ceremony was witnessed by the King and Queen of The Netherlands and the Dutch Minister for Industry.
- The company has signed (4th November 2016) a Memorandum of Understanding (MOU) with one of the world’s largest diesel engine manufacturers who are also the largest supplier of AdBlue in Australia. It is the written intent of the parties that the MOU be formed into a contractual “Take of Pay” agreement for long term supply on an exclusive basis. The company can be disclosed when the final contractual document is signed.
- The company has signed (23rd October 2016) an agreement for the total offtake of its agricultural grade urea. The agreement gives the company the right to seek an alternate agreement if it is not happy with the final financial situation which of course cannot be predicted in advance.
- The company has co-signed (July 2017) a term sheet with a fund within a major state owned
entity (SOE) from China who already have plus $ Billion investments in Australia. The
company is now engaged with the lawyers of the fund with regard to the completion of the
terms agreed under this term sheet. An update will be provided as soon as this is completed.
- The company has entered into a provisional agreement with Wuhuan Engineering, part of the state owned CNCEC (China National Chemical Engineering Corporation). Wuhuan have built over 60% of China’s urea plants over the last 50 years. They are also a technical partner of Shell’s in the area of coal gasification. The agreement with Wuhuan provides for the engineering and supply of the entire project equipment list at a guaranteed fixed price lump sum.
Allan Blood, Chairman of LFL flanked by Queen Maxima and King Willem-Alexander on his left, with the Dutch Minister for Industry on his right and Royal Dutch Shell executives after the signing of the Shell Coal Gasification Agreement for the Latrobe Fertiliser Project.