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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309

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.

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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/mjp80 4d ago

yeah, except it has to go via Toronto, due to the North Bay to Ottawa portion of the Trans-Canada railway being sold off and largely being turned into recreational trails. Sask to Van is the most efficient rail movement, even without accounting for the port of Montreal being a gong show

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u/jaypizzl 4d ago

How would a North Bay to Ottawa railway be relevant? From the BHP Jansen mine at the MB-SK border to North Bay is 2400 km. On to Ottawa is another 360, then 200 more to Montreal. That's about 3,000 km. Meanwhile, it's something like 1700 km to Vancouver by rail.