NORTH VANCOUVER, British Columbia--(BUSINESS WIRE)--Chemtrade Logistics Income Fund (TSX: CHE.UN; OTCQX®: CGIFF) (“Chemtrade” or the “Fund”) announced today that the rezoning application for its chlor-alkali facility, located in North Vancouver (the “Facility”), passed Third Reading at last night’s District of North Vancouver (the “District”) Council meeting. This is an important step in the rezoning process but does not constitute final adoption of the bylaw amendment, which is expected to occur in the coming weeks.

Chemtrade submitted a rezoning application to the District in September 2025 seeking a bylaw amendment to allow the continued production of liquid chlorine at its Facility, an activity that has safely taken place since 1957. The adoption of the bylaw amendment would enable Chemtrade to advance planned safety upgrades intended to ensure the continued production of liquid chlorine at the Facility.

“The North Vancouver facility has been operating safely for almost seventy years and is a critical producer of liquid chlorine used in municipal water treatment in Canada. The facility also produces caustic soda and hydrochloric acid, both of which play a critical role in supporting the energy sector, pulp and paper, technology, water treatment and mining. In total, over 60 per cent of the facility’s production stays in Canada, supporting Canadian businesses and industry. We are taking steps to secure its long-term operations as a critical facility in BC and Canada,” said Scott Rook, President and CEO of Chemtrade. “With the successful passing of Third Reading, we have achieved an important milestone and look forward to the final adoption of the bylaw amendment; however, final adoption remains subject to District Council approval, which is tentatively scheduled for July 20, 2026. If successful at this next stage, we will immediately move forward with our plans for additional investment in capital safety projects aimed at improving reliability and safety while further reducing potential risk.”

Following bylaw adoption, Chemtrade intends to focus on securing development permits from the District, which would allow for the completion of several capital projects at the Facility aimed at improving safety and reliability while further reducing potential risk to the community. The projects are intended to be implemented over the next four years utilizing planned facility turnaround activities to complete the majority of the work. The overall project completion date is expected in late 2030. Final adoption of the bylaw amendment remains subject to further District Council consideration and approval, and there can be no assurance that the bylaw amendment will ultimately be adopted.

“Our North Vancouver facility is a key piece of infrastructure not only for Chemtrade but also for the safety and security of drinking water in Canada – chlorine produced in the Facility is a critical chemical used in the treatment of water for millions of people across Western Canada. We are committed to ensuring it remains compliant with all current regulatory requirements,” added Mr. Rook. “Since 2010, over $500 million have been invested in the modernization of the Facility’s operations. Chemtrade plans to continue investments in the next four years to ensure the facility remains a safe and reliable community partner.”

While Chemtrade is seeking final adoption of the bylaw amendment from the District Council, it also intends to continue engagement with the Vancouver Fraser Port Authority (the “Port”) to finalize its land lease for a portion of the Facility situated on Port lands. In 2025, Chemtrade and the Port entered into a non-binding letter of intent outlining terms of a new 20-year agreement.

About Chemtrade

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also one of the largest producers of high purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, and zinc oxide. Additionally, Chemtrade provides value-added water solutions, as well as industrial services such as processing by-products and waste streams.

Caution Regarding Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking statements within the meaning of certain securities laws, including the Securities Act (Ontario). Forward-looking statements can be generally identified by the use of words such as “anticipate”, “continue”, “estimate”, “expect”, “expected”, “intend”, “may”, “will”, “project”, “plan”, “should”, “believe” and similar expressions. Specifically, forward-looking statements in this news release include statements regarding: Chemtrade’s ability to advance planned safety upgrades; its intention to ensure the continued production of liquid chlorine and long term operations at the Facility; District Council’s adoption of the bylaw amendment and they timing thereof; Chemtrade’s intention to immediately move forward with plans for additional investment in capital safety projects; Chemtrade’s intention to focus on securing development permits from the District; Chemtrade’s expectation that securing such development permits would allow for the completion of the planned capital projects at the Facility; Chemtrade’s expectation that such projects will improve safety and reliability while reducing potential risk to the community; Chemtrade’s intention that the projects are planned to be implemented over the next four years utilizing planned facility turnaround activities to complete the majority of the work; Chemtrade’s expectation that the project completion date will be in late 2030; Chemtrade’s expectation that it will remain compliant with all current regulatory requirements; Chemtrade’s intention to continue investments in the next four years to ensure the Facility remains a safe and reliable community partner; and Chemtrade’s intention that it will continue engagement with the Port to finalize its land lease for a portion of the Facility situated on Port lands; and Chemtrade’s expectation that a new land lease would result in a 20-year agreement.

Forward-looking statements in this news release describe the expectations of the Fund and its subsidiaries as of the date hereof. These statements are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without limitation the risks and uncertainties detailed under the “RISK FACTORS” section of the Fund’s latest Annual Information Form and the “RISKS AND UNCERTAINTIES” section of the Fund’s most recent Management’s Discussion & Analysis.

Although the Fund believes the expectations reflected in these forward-looking statements and the assumptions upon which they are based are reasonable, no assurance can be given that actual results will be consistent with such forward-looking statements, and they should not be unduly relied upon. With respect to the forward-looking statements contained in this news release, the Fund has made assumptions regarding: Chemtrade’s expectation that securing such development permits would allow for the completion of several capital projects at the Facility; Chemtrade’s expectation that such projects will improve safety and reliability while reducing potential risk to the community; Chemtrade’s expectation that the planned projects will be completed by late 2030; Chemtrade’s expectation that it will remain compliant with all current regulatory requirements; Chemtrade’s expectation that the final land lease with the Port will be finalized on terms outlined in the LOI, including a lease term of 20 years.

Except as required by law, the Fund does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement.

Further information can be found in the disclosure documents filed by Chemtrade Logistics Income Fund with the securities regulatory authorities, available at www.sedarplus.com.

For further information:
Endri Leno
Vice President, Investor Relations
Email: [email protected]