Saskatoon-Canpotex Ltd. announced plans June 24 for two west coast terminal projects that will add approximately 11 million mt of annual potash shipping capacity to its current 12 million mt by the end of 2012. The projects include a new greenfield terminal on Ridley Island near Prince Rupert, B.C., and a brownfield terminal expansion adjacent to Neptune Bulk Terminals (Canada) Ltd. in North Vancouver, B.C. The combined cost of these projects is expected to be in excess of C$500 million. Both projects are subject to the finalization of acceptable agreements with the respective Port authorities and other stakeholders. “These projects are essential and strategic steps in preparing for long-term growth in global potash demand,” said Canpotex President and CEO Steven Dechka. “With Canpotex shareholders working to significantly increase production over the next several years, we have a responsibility to build on our long-term ability to deliver this essential nutrient to offshore markets. In addition to increasing shipping capacity, the terminals will provide access to the fastest shipping routes to certain key offshore markets such as China. We look forward to the opportunity to better serve our customers.” Canpotex was mulling its options for a new terminal back in May (GM May 26, p. 12). Canpotex, which also has a terminal in Portland, Ore., is the offshore marketing company owned by the three Saskatchewan potash producing companies – Agrium Inc.; Mosaic Canada Crop Nutrition LP, a unit of The Mosaic Co.; and PotashCorp.
Transparency Across the Fertilizer Value-Chain