28 October 2008 17:54 [Source: ICIS news]
TORONTO (ICIS news)--K+S plans to invest €360m ($450m) through 2015 to cut saltwater discharges from its potash operations into the Werra and Weser rivers by half, the Germany-based fertilizer major said on Tuesday.
The company was confident that with the investment authorities in the states of Hessen and Thuringa would approve the continued, long-term operation of its potash businesses, it said.
K+S’ move came as regional authorities and residents were pressing the company to do more to ensure an environmentally sustainable disposal of brine from its potash production sites.
“We have prepared a package of measures and investments that balances economic, ecological and social interests,” said CEO Norbert Steiner.
The Kassel-based company was committed to sustainable improvements of water quality in the Werra and ?xml:namespace>
As a result of K+S’ investments, the rivers’ water quality would start to improve gradually from 2011 and by 2015 discharges would be halved to 7m cubic metres/year.
K+S’ longer-term plans to address the situation included a possible pipeline to transport brine from the potash mines to the
($1 = €0.80)
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