Ammonium plant planned for Dalby

Posted on 6/05/2008  
Fertiliser giant Incitec Pivot is considering an ammonium plant near Dalby in Queensland. It has signed a memorandum of understanding with Metex Resources, committing $11 million in return for a 10.5% stake. Mitchell Drilling has agreed to accept $3 million of Metex stock in return for drilling services on the demonstration project which aims at producing feedstock gas from underground coal reserves. The trial is expected to be completed by January 2009.

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