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Saskatchewan Premier Scott Moe was in B.C. on Friday as Canpotex announced it will put $500 million into the refurbishment and replacement of equipment at the Neputne Bulk Terminals located at the Port of Vancouver.
Canpotex, based in Saskatchewan, ships potash to markets around the globe. That includes output from Mosaic and Nutrien, the two largest Saskatchewan potash companies.
The company has sold and shipped 325 million metric tonnes of potash over the more than 50 years it has operated.
The project at the Port of Vancouver will help boost the supply chain for potash exports, according to a news release from the provincial government.
“This investment in shipping capacity, made possible by Canpotex, will help deliver more of this vital nutrient to the people who need it,” Moe is quoted as saying in a news release.
Canpotex president and CEO Gordon McKenzie said the project will allow Saskatchewan potash to be shipped through the Port of Vancouver for “decades to come.”
Moe said the project will “create new opportunities and support good jobs and economic growth” in Saskatchewan and across Canada. It will also strengthen global food security and Saskatchewan’s position as the world’s largest potash producer, Moe said.
WATCH | Sask. potash in Trump’s crosshairs:
Sask. potash in Trump’s crosshairs
Potash was in the world spotlight after U.S. President Donald Trump threatened to move away from Saskatchewan and import the mineral from Belarus.
The announcement comes the same week U.S. President Donald Trump announced he was working on a “massive Deal” to purchase potash from Belarus, with pricing substantially lower than what is paid for potash from Canada.
A day later, Trump appeared to recommit to purchasing Canadian potash, although he continued to insist he wants a lower price from Canada.
In 2024, almost a third of the world’s potash came from Canada, all of which was mined in Saskatchewan.
Eleven of the 12 active potash mines in Canada are located in Saskatchewan.