- NeuRizer’s (NRZ) Urea project (NRUP) is declared an “impact assessed development” by the South Australian Government
- This “major project declaration” gives the company an advantage as its affords the project with additional support, coordination and information services from the SA govt
- Managing Director Phil Staveley says the declaration is a major affirmation of the social, economic and environmental significance of the NRUP
- Shares in NeuRizer end the day in the grey to close at 13 cents
NeuRizer (NRZ) has its Urea project (NRUP) declared an “impact assessed development” by the South Australian Government.
By law, the South Australian Minister for Planning has the authority to declare projects that are recognised as being of significant economic, social or environmental importance to South Australia as “impact assessed development”.
Under the process formally known as a “major project declaration”, these projects are assessed through a rigorous state-run process that differs from other standard development applications managed by local councils.
This process ensures that any identified impacts are addressed, and where necessary, mitigated.
Upon completion of the assessment process, a final report is provided to the Minister who makes the decision in relation to the application.
Such a declaration is said to be advantageous because it affords the project with additional support, coordination and information services from government agencies throughout the approval process.
Managing Director Phil Staveley said the declaration is a major affirmation of the social, economic and environmental significance of the NRUP.
“We look forward to the benefits that this status will bring in terms of project exposure and close engagement with relevant Departments, and stakeholders,” he said.
The NRUP is in a group of only 12 other projects listed on the PlanSA website with “impact assessed development” status.
The “impact assessed development” pathway allows NeuRizer to progress the NRUP within the state government’s guidelines for assessment of major projects.
Additionally, it will allow the company to build an open and transparent working relationship with government agencies and key stakeholders, and promote the project to local communities through public consultation and ongoing stakeholder engagement.
EMM Consulting was appointed by the company to prepare the comprehensive submission for the Minister’s consideration, including clear economic and social benefits to the South Australian community and the benefits of NRUP for Australia.
Shares in NeuRizer ended the day in the grey to close at 13 cents.