NORTH VANCOUVER, British Columbia, July 07, 2026--(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.