New port investment for Saskatchewan potash

September 25, 2026

Media Release, Trade and Export Development, Gov't SK

Key points from this story:

• Canpotex investing $500 million at Neptune
• Replacing and refurbishing terminal equipment
• Bolsters Saskatchewan potash export supply
• Delivers potash to overseas farmers
• Potash exports valued $9 billion in 2025
• Canpotex ships to more than 40 countries

The ceremony kicks off a $500 million investment at the Neptune Bulk Terminals, which will include replacing and refurbishing equipment, bolstering Saskatchewan's supply chain for potash exports.

"Saskatchewan potash helps feed a growing world, and this investment in shipping capacity, made possible by Canpotex, will help deliver more of this vital nutrient to the people who need it," Moe said. "By moving more Saskatchewan potash to international markets, this project will create new opportunities and support good jobs and economic growth in our province as well as across Canada. This expansion will strengthen global food security and reinforce Saskatchewan's position as the world's leading potash producer and a trusted, secure, reliable and ethical supplier."

"Saskatchewan is where this story starts," McKenzie said. "Today's investment at Neptune means we will be able to reliably export Saskatchewan potash through the Port of Vancouver to farmers overseas for decades to come."

Based in Saskatoon, Canpotex markets and delivers potash produced by Mosaic and Nutrien, the two largest Saskatchewan potash companies. For over 50 years, Canpotex has marketed and delivered high-quality, Canadian potash to more than 40 overseas countries. Over the company's lifetime, it has sold and shipped 325 million metric tonnes of potash to millions of farmers, helping the world grow more food.

"Port of Vancouver terminals, such as Neptune, are playing an outsized role moving more of what Canadians make to overseas markets in support of Canada's goal to double exports to non-U.S. markets," Vancouver Fraser Port Authority President and CEO Peter Xotta said. "Canpotex's significant investment to upgrade Neptune Terminals will better connect Saskatchewan potash to key markets in South America, the Indo-Pacific and beyond. Investments like Canpotex's are crucial as we continue to grow exports through Canada's largest port."

Potash is an essential fertilizer used to support global food security. Saskatchewan is home to the largest deposits in the world. In 2025, the value of potash exports reached $9 billion, an increase of 13.5 per cent compared to 2024.