The Globe and Mail reports in its Saturday, Sept. 26, edition that Canpotex is embarking on a $500-million upgrade of its terminal at the Port of Vancouver.
The Globe's Kate Helmore writes that construction is expected to finish in 2028.
The investment will enable Canpotex to utilize unused capacity at its terminal, increasing export capability from about eight million to 11 million tonnes of fertilizer annually from Neptune Bulk Terminals in North Vancouver.
It is the largest supply chain investment in the company's history.
Potash, a salt fertilizer essential to major agricultural production internationally, is the nation's fifth largest export. And Canada is the world's top supplier of the commodity.
Canpotex -- a joint venture between Saskatoon-based mining giant Nutrien and Tampa-based The Mosaic Company -- is the country's top overseas marketer of potash. The company ships 15 million tonnes annually to more than 40 countries via bulk export terminals in the Port of Vancouver, Portland, Ore., and Saint John.
But Canpotex's global market share and the price of potash will be contested when a mega project from BHP, the world's largest mining company, comes on-line next year.
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