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# Australian Potash will receive a green loan

Publication Date: 18.05.2021, 16:00

Treasured money is just a stone's throw away.

Australian Potash announced that they had passed verification for a green loan, which the company plans to use to finance its Lake Wells Potash project (Australia).

Australian Potash previously dug a pilot pond network that includes a large pond for the preconcentration of water solutions of potassium salts and three smaller ponds for precipitation of sodium, magnesium and potassium salts. The company has already obtained a test batch of three tons.

Australian Potash intends to build a full-fledged plant with a capacity of 150 thousand tons of potassium sulfate per year in the first five years of operation, with a subsequent increase to 300 thousand tons.