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U.K. Government Awards Grants to Fertilizer and PET Projects

1:17 PM MDT | April 12, 2011 | Ian Young

The U.K. government has awarded grants to two chemical projects in northeastern England. The government's newly established Regional Growth Fund awarded £15 million to Cleveland Potash to mine and process polyhalite and it awarded £6.7 million to Lotte Chemical U.K. to build a polyethylene terephthalate (PET) plant. Cleveland Potash, a subsidiary of Israel Chemicals Ltd. (ICL; Tel Aviv) says geological studies indicate that more than 1 billion m.t. of polyhalite ore lie under the company's Boulby mines, where it extracts potash from deposits below the...

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