23 May Protecting future interests in increasingly innovative agricultural sector
As more countries set “net zero” carbon emissions targets, research and investment focused on greatly reducing negative ecological effects will likely impact global growth in patent filings.
An Australian based company who also happens to be the country’s first certified carbon neutral producer of urea fertiliser is NeuRizer.
Earlier in the year, urea producer NeuRizer (formally Leigh Creek Energy) lodged a patent application for its proprietary syngas technology that achieves carbon neutrality in an efficient manner.
Australia currently sources about 80% of its urea from China, with the product primarily used in fertiliser manufacturing. Fertiliser prices are reportedly at an all time high.
NeuRizer’s urea project is located in South Australia, 550km north of Adelaide and will be one of the biggest infrastructure projects of its type in Australia and the country’s only fully integrated urea production facility. The advantages of a local facility include avoiding higher risks and costs associated with imports and exchange rates while slashing the carbon footprint linked to transport.
The organisation reached carbon neutrality eight years earlier than their originally planned target of 2030 and was awarded Climate Active certification in March 2022 and is a signatory to the United Nations Global Compact.
Since the company has also updated their name and have a new logo (giving longevity and flexibility to the brand), they have also sought out trade mark registration. At MBIP we are very pleased to be assisting NeuRizer with protecting their IP rights in multiple areas, and we look forward to following their progress.
To find out more about protecting sustainable innovations, particularly in the chemical engineering space, please contact Andy Mukherji or one of our other expert patent attorneys – just call 07 3369 2226 or email firstname.lastname@example.org.