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New fertilizer facility slated for Saint John, NB

Mar. 1, 2013, Saint John, NB – Atlantic Potash Corporation is planning construction of a proposed specialty fertilizer production facility in Saint John, New Brunswick. The proposed facility would be developed on approximately 100 acres of land in McAllister Industrial Park and is expected to cost $350 million, creating over 1,200 jobs during construction. It is anticipated that once operational, the facility would generate over 1,300 jobs, more than $40 million in wages and salaries, approximately $344 million in expenditures and $4 million in municipal taxes annually.

"Global demand for fertilizer is growing quickly," says Keith Attoe, Director, Atlantic Potash Corporation. "Our plan with this new facility is to produce and export 380,000 tons annually of the highest quality fertilizers from Saint John to buyers in markets including Europe and South America."

The proposed facility would produce three potash-based specialty fertilizers, which include urea, potassium nitrate and ammonium chloride. Potash would be supplied locally and imported to the fertilizer production facility.

Attoe attributes the Saint John workforce, mining opportunities, and the city's deep-water seaport as key determining factors in their decision to invest in New Brunswick.

The next 24 months will see Atlantic Potash Corporation undertaking mandatory regulatory approval processes, including the completion of an environmental impact assessment (EIA). Construction is anticipated to be completed approximately two years after the EIA process is approved. Operations of the fertilizer production facility at McAllister Industrial Park are anticipated to start in 2017.

 


March 1, 2013
By Atlantic Potash Corp.

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