Financial Wire

Chemtrade Exploring Alternatives After Rejection of Rezoning Application for North Vancouver Chlor-Alkali Facility

-- Chemtrade Logistics Income Fund (CHE-UN.TO) said Tuesday that it is exploring legal action and other alternatives after the District of North Vancouver Council rejected the company's rezoning application for the North Vancouver chlor-alkali facility.

The company said the rezoning would have allowed safety upgrades and continued liquid chlorine production at the facility beyond 2030.

Chemtrade said the closure of the facility, which produces over 40% of Canada's liquid chlorine supply, would have a significant impact on the country.

"Without chlorine production from our facility, Canada could become reliant on foreign trading partners to secure additional production of chlorine, a product critical to the health and safety of millions," President and Chief Executive Officer Scott Rook said.

The company said it intends to engage with the council and other officials to proceed with the planned safety upgrades and secure long-term operations.

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