Neptune Terminals seeks $79.6 million potash storage expansion

Neptune Terminals seeks $79.6 million potash storage expansion    Increased world demand for potash has prompted Neptune Bulk Terminals (Canada) Ltd. to seek approval from the Vancouver Port Authority for a C$93 million ($79.6 million) expansion of its storage facilities of the crop nutrient.
   The first phase of Neptune’s proposal will see C$26.2 million ($22.4 million) spent extending the existing potash shed, while the second $66.8 million ($57.2 million) phase will involve replacement of the adjacent storage shed. Upon completion, Neptune anticipates the expansion will result in an additional 190,000 metric tons in storage capacity for the terminal.
   Pending port authority approval, Neptune hopes to start construction early next year with each construction phase lasting 15 to 18 months.Neptune Terminals seeks $79.6 million potash storage expansion
   Increased world demand for potash has prompted Neptune Bulk Terminals (Canada) Ltd. to seek approval from the Vancouver Port Authority for a C$93 million ($79.6 million) expansion of its storage facilities of the crop nutrient.
   The first phase of Neptune’s proposal will see C$26.2 million ($22.4 million) spent extending the existing potash shed, while the second $66.8 million ($57.2 million) phase will involve replacement of the adjacent storage shed. Upon completion, Neptune anticipates the expansion will result in an additional 190,000 metric tons in storage capacity for the terminal.
   Pending port authority approval, Neptune hopes to start construction early next year with each construction phase lasting 15 to 18 months.