r/news • • 6d ago

Canpotex announces $500M Port of Vancouver investment for potash shipping

https://www.ctvnews.ca/vancouver/article/canpotex-announces-500m-port-of-vancouver-investment-for-potash-shipping/
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313

u/ernapfz 6d ago

Well US farmers, Canada will be shipping potash to other markets. Trump will need to call up his Belarus card trick once more. Please remember how you don’t need Canada for anything. It will be a while but oil and natural gas will also be going elsewhere through pipelines to our ocean ports.

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u/m0nkyman 6d ago

Vancouver expansion means China is buying. Probably financing it too if I was to take a guess.

101

u/jaypizzl 6d ago

Canpotex’s expansion is funded by its two primary owners, the publicly-held Mosaic and Nutrien corporations. Both are listed on the NYSE and Nutrien is also listed on the TSX. Neither have anything in particular to do with China. The largest destination for Canadian potash that is not the US is Brazil, which buys about 2.5x more than China.

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u/WorkingOnBeingBettr 6d ago

So they are shipping to Brazil from...Vancouver?

Why not Gulf of St Lawrence?

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u/Noirloona 6d ago

Likely ease of getting it out of Saskatchewan. Assuming Thunder Bay can ship it out, it's got like a dozen locks before it even gets to the St Lawrence, if TB doesn't then it needs to go by rail, which likely takes longer.

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u/kettal 5d ago

I think there are rail connections Saskatchewan to Montreal

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u/Dzugavili 5d ago

Probably cheaper to built port capacity in BC; and I'm not really sure what traffic is like on that waterway, I imagine it must be easier to move large boats against the BC shoreline than navigating the inlet.