Canadian and American ports are in the running, CEO Ken Seitz said, with approval timelines and regulations governing the terminal’s operations to be factors in the decision—a barely veiled reference to Prime Minister Mark Carney’s promises to speed up permitting for major projects. (The Globe and Mail)
Talking point: Canada’s major West Coast potash exports go through two terminals at the Port of Vancouver; another Vancouver terminal is expected to start handling potash from Nutrien competitor BHP Billiton soon. Canpotex, which handles Nutrien’s exports, scrapped plans for a potash terminal at B.C.’s other major port, Prince Rupert, in 2016. Seitz was Canpotex’s CEO at the time and saw no need for it, given low potash prices. Now, the Indo-Pacific region is a growth market for the fertilizer and industrial chemical ingredient, he told the Globe, and Nutrien wants more capacity to sell there.