VANCOUVER – Neptune Terminals says its shareholder Canpotex will invest $37.5 million to upgrade the existing potash facility at the North Shore terminal.
The 18-month project, which includes improvements to terminal conveyor and material handling systems, will increase terminal throughput speed and provide Canpotex with an additional 1.5 million tonnes of capacity to export potash.
"This investment by Canpotex will allow us to better service the Pacific Gateway," said Jim Belsheim, president of Neptune Terminals. "We are proud to see such investments which help support shipments of Canpotex’s potash products to international markets."
The project is supported by Saskatchewan potash mine expansions by Canpotex members, and the fundamentals for long-term growth of potash demand in Canpotex’s markets.
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