North Vancouver, B.C.-Neptune Terminals announced Oct. 19 plans by its shareholder Canpotex to invest $37.5 million to upgrade the existing potash facility at the North Shore terminal. The project will increase terminal throughput speed and provide an additional 1.5 million mt of capacity to export potash. “This investment by Canpotex will allow us to better service the Pacific Gateway,” said Jim Belsheim, Neptune president. “We are proud to see such investments, which help support shipments of Canpotex’s potash products to international markets.” The project, which will commence immediately, is expected to take 18 months to complete and will include improvements to terminal conveyor and material handling systems. Neptune said the decision to undertake the expansion is in support of the Saskatchewan potash mine expansions by Canpotex members and the fundamentals for long-term growth of potash demand by Canpotex’s markets.
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