The CEFC senior project finance loan of up to US$47million to SO4 is part of a US$138 million syndicate senior debt facility to finance the company’s first greenfield SOP brine operation at Lake Way in WA.
The Salt Lake Potash (SO4) brine operation has the potential to cut emissions from SOP production by more than 30 per cent compared with alternative non-brine production methods, measured globally.
The SO4 production facility will be part powered by renewable energy, with a 5MW solar farm and a 2MW battery. SO4 is also investigating the potential for on-site wind power.
