Saint John, NB — Atlantic Potash Corp. said Feb. 25 that it plans to construct a specialty fertilizer production facility in Saint John. The facility would be developed on approximately 100 acres of land in McAllister Industrial Park and is expected to cost C$350 million, creating over 1,200 jobs during construction. It is anticipated that once operational, the facility would generate over 1,300 jobs, more than $40 million in wages and salaries, approximately $344 million in expenditures, and $4 million in municipal taxes annually. “Global demand for fertilizer is growing quickly,” said Keith Attoe, Atlantic Potash Corp. director. “Our plan with this new facility is to produce and export 380,000 tons annually of the highest quality fertilizers from Saint John to buyers in markets including Europe and South America.” The proposed facility would produce three potash-based specialty fertilizers, which include urea, potassium nitrate, and ammonium chloride. Potash would be supplied locally and imported to the fertilizer production facility. The next 24 months will see Atlantic Potash undertaking mandatory regulatory approval processes. Construction is anticipated to be completed approximately two years thereafter. Production is expected in 2017. In the meantime, the company is in the midst of exploration and development of the Millstream potash project near Sussex. However, the new facility at Saint John is not contingent on this project being developed, as the company believes it can source potash elsewhere.
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