AdBlue Shortage

[Dr Smith]

Originally Posted by Interceptor

This is where Australia at large discovers the reality of how letting production capacity leave for cheaper offshore sources can come back to bite us.

The irony is Urea needs natural gas to produce it, something we now sit as the largest exporter in the world...however domestically gas prices are so high the last major producer of Urea in Oz, Incitec-Pivot, announced a while back it was going to close the Gibson Island, QLD plant due to gas prices....wonder if a sustained high price for Urea and AdBlue reverses that decision?

And frankly why does Australia never seem to put in place a requirement of local supply being protected INCLUDING price as a condition of granting mining rights and export licenses. If Qatar can raise $27Billion in royalties from it's sales how come we just reach $1Billion and get the double whammy of yet high domestic prices?

Or this:
Ichthys LNG project (off the coast of north-west WA) will export a whopping $195 billion of LNG, LPG and condensate out of Darwin over the next three decades, but would not pay a cent in royalties to the federal government – in its lifetime.
Royalities need to be paid on production volume and not profit generated because any 1st year accounting grad can minimise profit/tax by debt loading a local division which "borrows" hug amounts from it's international parent and pay's off the loan interest instead of the Aust. government.

https://www.abc.net.au/news/rural/20...boom/100610750