The Globe and Mail reports in its Thursday, Nov. 12, edition that Nutrien is moving closer to a $1-billion (U.S.) potash-export investment at the Port of Longview, Wash. The Globe's Kate Helmore writes that staff from both companies presented a development plan and lease terms to the port's board, marking progress in the terminal's redevelopment.
The board will make a decision about whether to sign the lease and development agreement later this month. The private investment by Nutrien will be between $500-million (U.S.) and $1-billion (U.S.).
Nutrien said the agreement is a "procedural step" in advancing the project that is not binding. Nutrien will make the final investment decision in 2028, after the port has conducted more work on the site.
When construction in Washington is completed by 2032, the terminal will export five to eight million tonnes of potash annually. This fertilizer, mined in Saskatchewan, will be shipped to rapidly growing agricultural markets in the Indo-Pacific, including China, India and Japan.
The terminal will lead to 432 direct jobs and a total of 1,082 indirect and induced jobs in the county where Longview is located, according to an economic analysis commissioned by the port.
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