Michigan Potash secures conditional commitment for a loan guarantee from the U.S. Department of Energy to enhance food security through major fertilizer project
EVART, Mich. — A technologically advanced and energy efficient potash and salt production facility more than a decade in the making got a critical boost through a conditional commitment for a loan guarantee of up to $1.26 billion from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO). The facility will create good paying jobs and improve U.S. food security by reducing America’s near-total dependence on foreign countries for a critical mineral.