Canpotex says it will invest $500 million to modernize its potash terminal at the Port of Vancouver, aiming to complete construction in 2028.
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Canpotex has announced a $500-million investment in a potash terminal at the Port of Vancouver, targeting the replacement and modernization of infrastructure currently operating at Neptune Bulk Terminals.
The joint venture, owned by Mosaic Company and Nutrien Ltd., says the project will upgrade key loading and transport components used to move potash from the terminal to ships. Canpotex says the scope includes replacing shiploaders and conveyors, among other infrastructure upgrades.
The company says shipping is expected to continue uninterrupted during construction, indicating the modernization work is planned alongside ongoing operations rather than requiring a shutdown of potash exports through the port.
Canpotex expects construction to be completed in 2028. The company’s chief executive, Gordon McKenzie, said the investment will allow potash exports through the Port of Vancouver “for decades to come,” linking the terminal upgrade to the long-term viability of its trading and delivery network.
Saskatchewan Premier Scott Moe said in a news release that moving more potash to international markets will support economic growth in Saskatchewan and across Canada. The announcement frames the terminal investment as part of the broader effort to connect Canadian production with overseas demand.
Canpotex markets and delivers potash produced by Mosaic and Nutrien, and the company positions the Port of Vancouver terminal as a key export route for that output. The modernization plan is the latest step in maintaining and expanding that logistics pathway as Canpotex carries on shipments through the port.
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