Toronto-Chemtrade Logistics Income Fund said June 15 that it expects its Beaumont, Texas, plant to be back up by the end of October. The plant was idled by fire in May (GM May 31, p. 14). “The investigation team now believes that the source of the fire was a newly installed piece of equipment,” said Mark Davis, Chemtrade president and CEO. “From our customers’ perspective, we have ensured that this incident will not affect them and that we will continue to provide the products and services they require. The interruption to Beaumont’s production is disappointing since the plant had been operating very well since completing a significant capital re-investment program. We remain fully committed to the future of our Beaumont plant. We will repair the damage quickly, and continue to invest in the plant’s reliability and efficiency.” Chemtrade says it has arrangements in place to ensure that its customers will remain supplied with sulfuric acid and spent acid regeneration services through the duration of repairs. Chemtrade said it carries both property and business interruption insurance, and expects to recover substantially all of its costs and lost profits. It also said it does not believe the incident will impact its ability to sustain its monthly distributions.
Transparency Across the Fertilizer Value-Chain