NeuRizer Ltd Enters into an Agreement with DL E&C Co.,Ltd. for the Front-End Engineering and Design for Carbon Capture and Storage Facility at its NeuRizer Urea Project
April 03, 2022 at 11:43 pm
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NeuRizer Ltd. (NRZ) has entered into an agreement with DL E&C Co Ltd. (DL) for the front-end engineering and design (FEED) for a carbon capture and storage facility (CCS) at its NeuRizer Urea Project (NRUP). NRZ is planning to construct the carbon capture unit and storage facility for stage 1 of its NRUP at Leigh Creek, South Australia. Since DL E & C was appointed as NRUP Engineering, Procurement, Construction and Commissioning (EPCC) partner in June 2021, it has made substantial progress on the Bankable Feasibility Study (BFS) and FEED required for Final Investment Decision, planned for Fourth Quarter 2022.
DL E&C Co Ltd is a Korea-based company principally engaged in the construction business. The Company mainly engages in the building construction, including construction of residential and non-residential buildings, among others; civil works such as roads, bridges, ports, railways and others; plant construction such as petrochemical plant, power plant and others.
NeuRizer Ltd Enters into an Agreement with DL E&C Co.,Ltd. for the Front-End Engineering and Design for Carbon Capture and Storage Facility at its NeuRizer Urea Project