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Canpotex spends C$500M upgrading Vancouver's Neptune terminal, lifting potash exports to 11 million tonnes a year
Canpotex announced a C$500 million modernization of Neptune Bulk Terminals at the Port of Vancouver — replacing shiploaders, conveyors and the railcar dumper pit — with completion set for 2028.
Why it matters
Potash is Canada's fifth-largest export, and Canada is the world's biggest producer and supplier of the fertilizer. Neptune is the world's largest potash export terminal and the most critical gateway for Saskatchewan potash reaching overseas markets: this C$500 million upgrade — Canpotex's largest supply-chain investment ever — will raise the terminal's steady annual export capacity from about 8 million to 11 million tonnes, locking in reliable Canadian supply for decades as global food demand grows.
Full report
Potash exporter Canpotex announced September 25 in Vancouver a C$500 million investment in Neptune Bulk Terminals to modernize critical marine and terminal infrastructure, including replacing the shiploaders, conveyors and the dumper pit used to unload railcars and load vessels. Canpotex calls it the largest supply-chain investment in the company's more than 50-year history.
The groundbreaking ceremony was attended by Neptune Bulk Terminals, the Government of Canada, the Government of Saskatchewan, the Port of Vancouver and supply-chain partners, with Premier Scott Moe present. Moe said the project will support jobs and economic growth in Saskatchewan and across Canada while reinforcing Canada's standing as a "trusted, secure, reliable and ethical" top global potash supplier.
Construction is expected to be completed in 2028, with shipping continuing uninterrupted. After the upgrade, Canpotex will be able to regularly move 11 million tonnes of potash a year from the terminal to overseas markets.
Saskatoon-based Canpotex — a joint venture of Mosaic and Nutrien — has marketed and delivered more than 325 million metric tonnes of potash to over 40 countries in its lifetime. Canada holds the world's largest potash reserves, and potash is the nation's fifth-largest export; the United States is its biggest customer, and President Trump has said the U.S. will keep buying Canadian potash rather than turning to cheaper Belarusian supply.
"The world will need more potash, and Canada should be the country that supplies it," said Gordon McKenzie, Canpotex president and CEO. "That starts with reliability. Customers need confidence that Canadian potash will arrive when they need it, year after year."
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