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Phosphate: CPG invests 236 million dinars to boost mining and production capacity

Phosphate: CPG invests 236 million dinars to boost mining and production capacity
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Gov. DeSantis directs Florida to close Piney Point wastewater reservoir after averting disaster

Florida Gov. Ron DeSantis (R) said Tuesday he directed the state's Department of Environmental Protection to develop a plan to permanently close the wastewater reservoir at Piney Point phosphate plant that recently threatened to cause a catastrophic environmental disaster, according to AP.Why it matters: The governor said that $15.4 million in agency funds will be used to treat the water, which contains waste from the phosphate production that can cause algae blooms and fish kills and eventually impact the food chain if introduced into the environment in large amounts.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeContext: A series of worsening breaches was discovered in late March in the huge holding pool, setting off evacuation orders for more than 300 homes, businesses and farms in the area.Emergency management officials were able to avoid a full-on collapse of the reservoir by pumping the water from the pond into Tampa Bay t ....

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