Canpotex
{{Short description|Canadian potash exporting and marketing firm}}
{{Infobox company
| name = Canpotex Limited
| logo = Canpotex logo.svg
| logo_size = 200px
| caption =
| type = Private
| genre =
| fate =
| predecessor =
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| foundation = {{Start date|1972}}
| founder =
| defunct =
| location_city = Saskatoon, Saskatchewan
| location_country = Canada
| location =
| locations =
| area_served = Worldwide
| key_people = Gordon McKenzie President and Chief Executive Officer
| industry = Exporting and marketing
| products = Potash
| services =
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| owner = The Mosaic Company, and Nutrien Ltd.
| num_employees = 135 (2022)
| parent =
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| homepage = [http://www.canpotex.com/ www.canpotex.com]
| intl =
}}
Canpotex, short for Canadian Potash Exporters {{Reporting mark|PTEX}}, is a Canadian potash exporting and marketing firm, incorporated in 1970 and operating since 1972. Based in Saskatchewan, Canpotex manages the entire Saskatchewan potash exporting industry (excluding Canadian and US sales), including transportation and delivery.{{Cite web|url=https://www.canpotex.com/our-business/marketing/our-potash-markets|title=Our Potash Markets|last=|first=|date=|website=|publisher=Canpotex|accessdate=2018-02-14}}
Canpotex is the world's largest exporter of potash, selling over 13 million tonnes of potash every year, representing about one-third of global capacity.{{Cite web |last=Ogg |first=John C. |title=Canpotex Owners Surge On Potash Price Hikes For China |url=http://www.marketwatch.com/story/canpotex-owners-surge-on-potash-price-hikes-for-china-pot-mos-agu-moo |date=2008-04-16 |publisher=MarketWatch |accessdate=2009-09-09}}{{Cite news |last=Buow |first=Brenda |title=Canpotex fate spurs closer look at Potash Corp. takeover |url=https://www.theglobeandmail.com/report-on-business/canpotex-fate-spurs-closer-look-at-potash-corp-takeover/article1684094/ |newspaper=The Globe and Mail |date=2010-08-24 |accessdate=2010-09-07}} The global potash market was considered a duopoly between Canpotex and Belarusian Potash Company (BPC), a similar consortium which exported Belarusian (Belaruskali) and Russian potash (Uralkali); until the BPC marketing venture failed in 2013, the two collectively controlled 70% of global potash exports.{{Cite news |last1=Regan |first1=James |last2=Zheng |first2=Tracy |title=Analysis: Possible change in potash pricing worries China |url=https://www.reuters.com/article/idUSTRE67N24H20100824 |publisher=Reuters |date=2010-08-24 |accessdate=2010-09-08}}
History
Canpotex's predecessor was Canada's Potash Conservation Board.{{Cite book |last=Massot |first=Pascale |title=China's Vulnerability Paradox: How the World's Largest Consumer Transformed Global Commodity Markets |date=2024 |publisher=Oxford University Press |isbn=978-0-19-777140-2 |location=New York, NY, United States of America |pages=}}{{Rp|page=152}} The Board was established in 1969, which was a time when prices were dropping significantly in the North American potash market, and the Board's goal was to limit production and establish minimum prices.{{Rp|page=152}}
Member producers
Facilities
File:Canpotex train in BC.JPG terminals via CPR lines, in dedicated covered hopper railway cars]]
Canpotex has commissioned over 8,000 specialized covered hopper cars for inland transportation of potash from landlocked Saskatchewan to ports,{{Cite web |title=Inland Transportation |url=https://www.canpotex.com/how-we-move-potash/transportation-logistics |publisher=Canpotex |accessdate=2010-09-07 |archive-url=https://web.archive.org/web/20100823192150/http://canpqlx.sasktelwebhosting.com/delivery_inland_transportation.htm |archive-date=2010-08-23 |url-status=dead }} and operates solely on Canadian Pacific Railway lines.{{Cite web |title=Canpotex Submission to the Canadian Transportation Agency with respect to the Review of the Railway Interswitching Regulations |url=http://www.otc-cta.gc.ca/aux_bin.php?auxid=1641 |publisher=Canpotex |date=2010-06-10 |accessdate=2010-09-07 |archive-url=https://web.archive.org/web/20110721064424/http://www.otc-cta.gc.ca/aux_bin.php?auxid=1641 |archive-date=2011-07-21 |url-status=dead }} In 2011, Canpotex started on the construction of a new $55 million rail car maintenance yard near the town of Lanigan, Saskatchewan used to perform maintenance and manage the inventory of railcars.{{Cite web |title=Canpotex to build repair facility in Saskatchewan for rail cars carrying potash |url=http://www.globalsaskatoon.com/Canpotex+build+repair+facility+Sask+rail+cars+carrying+potash/4641622/story.html |publisher=Global Saskatoon |date=2011-04-19 |accessdate=2011-04-19}}
The majority of its potash is shipped overseas to Asian, Latin American, and Oceanic markets{{Cite web |title=The Market |url=http://canpqlx.sasktelwebhosting.com/market.htm |publisher=Canpotex |accessdate=2010-09-08 |archive-url=https://web.archive.org/web/20110620060436/http://canpqlx.sasktelwebhosting.com/market.htm |archive-date=2011-06-20 |url-status=dead }} through Neptune Terminals, partly owned by Canpotex, in North Vancouver, British Columbia.{{Cite web |title=Terminal Operations |url=http://canpqlx.sasktelwebhosting.com/delivery_terminal_operations.htm |publisher=Canpotex |accessdate=2010-09-07 |archive-url=https://web.archive.org/web/20100823192217/http://canpqlx.sasktelwebhosting.com/delivery_terminal_operations.htm |archive-date=2010-08-23 |url-status=dead }} Since 1997, Canpotex has additionally exported through Portland Terminals (owned by Canpotex and operated by Kinder Morgan) in Portland, Oregon. Canpotex additionally ships smaller quantities of potash through the St. Lawrence Seaway via Thunder Bay, Ontario, and has access to ports on the East Coast of the United States and Gulf of Mexico.{{Cite web |title=Handling & Delivery |url=http://canpqlx.sasktelwebhosting.com/delivery.htm |publisher=Canpotex |accessdate=2010-09-07 |archive-url=https://web.archive.org/web/20100823192135/http://canpqlx.sasktelwebhosting.com/delivery.htm |archive-date=2010-08-23 |url-status=dead }}
Ships
Canpotex has committed $900 million to the manufacture of 15 cargo vessels. The first of these vessels, the U-Sea Saskatchewan, built as a joint venture with Ultrabulk received its first load of 58,000 metric tons of potash in the Port of Vancouver in November 2010.[http://www.canpotex.com/ Press Release November, 19, 2010] The U-Sea Saskatchewan was built by Imabari Shipbuilding of Japan and is capable of carrying 60,000 metric tons.{{Cite web |url=http://www.portmetrovancouver.com/Libraries/PROJECTS_Recreational_Waterfront_Facilities_Management_Plan/November_eNewsletter_final_1.sflb.ashx |title=Arrival in Port of Vancouver |access-date=2010-12-19 |archive-url=https://web.archive.org/web/20111009172622/http://www.portmetrovancouver.com/Libraries/PROJECTS_Recreational_Waterfront_Facilities_Management_Plan/November_eNewsletter_final_1.sflb.ashx |archive-date=2011-10-09 |url-status=dead }} Other ships include the Ultra Colonsay.