The U.S. Department of Energy’s Loan Programs Office (LPO) announced today a conditional commitment for a loan guarantee of up to $1.26 billion ($1.12 billion in principal and $141 million in capitalized interest) to Michigan Potash Company, LLC (Michigan Potash). The loan guarantee will help finance the construction of a potash solution mine and processing plant in Osceola County, Michigan, to produce approximately 800,000 tons per year of fertilizer-grade muriate of potash and about 1 million tons per year of salt.
Michigan Potash & Salt Company Signs 100 Percent Offtake Agreement with Agricultural Leader
EVART, Mich. , April 5, 2022 /PRNewswire/ — Michigan Potash & Salt Company, LLC (MPSC) today announced the execution of an offtake agreement with a major United States-based agricultural company to take and distribute 100 percent of its first phase potash fertilizer production. Under the agreement, MPSC and the company will provide U.S. farmers with 650,000 tons annually of ultra-high grade, white potash fertilizer helping to strengthen domestic food security.
(Farm Progress – Podcast) Exploring a new source of potash
The Around Farm Progress podcast digs in on news of a new U.S.-based mine for…