Canpotex commits C$500 million to the Vancouver terminal that ships Saskatchewan potash overseas

Canpotex, the export marketing company owned in equal shares by Nutrien and Mosaic, announced on September 25, 2026 a C$500 million investment in Neptune Bulk Terminals at the Port of Vancouver, which it calls its largest ever supply chain investment [1][2]. The project replaces the shiploaders, conveyors and the dumper pit used to unload railcars and load vessels, with completion expected in 2028; the company says it has spent nearly C$1.5 billion at Neptune over the past 20 years, runs a fleet of 8,500 custom railcars, and moves 15 million tonnes of Canadian potash a year to customers in more than 40 countries [1].

The investment says something about where Saskatchewan potash goes. In the second quarter of 2026 Nutrien sold 3,021 thousand tonnes offshore against 922 thousand in North America, and in the first half Canpotex's sales went 44% to Latin America, 26% to other Asian markets, 14% to China and 3% to India [3]. The U.S. farmer is the nearest customer, not the largest one, and the terminal that serves the others has just been given its largest budget yet.

For a U.S. holder of Nutrien the relevance is capacity and reliability on the offshore side, where the company realizes a lower price than at home; a terminal that cannot load is an export tonne that waits. Canpotex's chief executive framed it as a question of customers trusting that Canadian potash arrives when needed, year after year [1].