Sask potash industry ramps up production

The potash industry in Saskatchewan is ramping up production to meet growing demand amid concern about global food security.

Saskatchewan is positioning itself to fill market gaps left by sanctions placed on Russia and Belarus.

Nutrien will be ramping up potash capability to 18 million tons by 2025, a jump of more than 5 million tons or 40 percent compared to 2020.

K + S Potash recently announced plans to increase production to four million tons per year at the Bethune facility.

Mosaic is taking steps to increase annual production by a further 1.5 million tons by the second half of 2023 at the new Esterhazy and Colonsay mine.

BHP is looking to accelerate construction on its 12 billion dollar Jansen project, and several other companies have new potash mine projects at varying stages of development.

Saskatchewan is the largest potash producer in the world, accounting for about 30 percent of total world production.

Last year, potash production reached a record 14.2 million tons worth 7.6 billion dollars.

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