Atlantic Potash Corporation plans to build a proposed specialty fertilizer production facility in Saint John.
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.
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.
Keith Attoe, co-project lead for Atlantic Potash, says global demand for fertilizer is growing quickly and their plan with this new facility is to produce and export 380,000 tons annually of fertilizers from Saint John to buyers in markets including Europe and South America.
The facility would produce three potash-based specialty fertilizers, which include urea, potassium nitrate and ammonium chloride.
Over the next two years, Atlantic Potash will be undertaking the mandatory approval processes including the completion of an environmental impact assessment. Construction would start two years after the EIA process is approved. Operations at the fertilizer production facility are anticipated to start in 2017.
