Leigh Creek Energy (LCK) has announced that the Leigh Creek Energy Project (LCEP) will be at the forefront of carbon capture, utilisation and storage (CCUS), and be the first large-scale fertiliser project in the world to be carbon neutral.
Managing director Phil Staveley said the LCEP project will be carbon neutral during 20221, eight years earlier than planned.
“This voluntary action has been undertaken because we hold this as one of our core belief. We want to lead the industry globally in this space, and we believe it provides the most long-term value for all stakeholders,” he said.
“We expect it to be a significant drawcard for potential offtake, strategic partners and equity or debt providers as we lead this sector in moving towards a low carbon future.”
Staveley said this goal is achievable because its ESG principles allow for the company to plan for lower emissions and carbon neutralist into all areas of planning.
The voluntary carbon neutral program includes stage one commercial development and operations commencing in early 2022.
In year two to four the company is aiming to have its FEED, FID and BFS to be carbon neutral through a combination of renewables, purchased offset and carbon farming programs.
Development, construction and production operations will also enable carbon neutral through renewables, carbon farming and initiating CCUS programs.
Looking ahead to four plus year, LCK will utilise 75 per cent of CO2 in urea production and onsite CCUS.
LCK advised that the updated plan builds on its extensive ESG strategy published in 2018 and is based on the utilisation of carbon from onsite syngas, urea production and carbon capture and Storie in its gasifier chambers.
To support its commitment LCK has accepted as a signatory to the United Nations Global Compact in 2020 and more recently joined the Climate Market Institute and committed to the TCFD.