TORONTO, Aug. 21 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN)
today advised of an incident at its Beaumont plant.
At approximately 1:20 a.m. on August 21st, an explosion occurred in the
furnace at Chemtrade's Beaumont plant causing injuries to two employees. There
were no off-site environmental releases.
"Our first concern is for the well being of our employees," said Mark
Davis, President and Chief Executive Officer of Chemtrade. "Both employees
have been taken to the hospital where they are receiving medical attention. We
will ensure that these employees and their families receive any support we can
provide. No other employees were injured and the plant remains safely shut
The Beaumont plant had been shut down for maintenance. The incident
occurred when the plant was being brought back on line. The fire department
responded to the scene and the plant is now secure. The maintenance, involving
the replacement of a heat exchanger, is not thought to be the cause of the
furnace explosion experienced during start-up.
Chemtrade is assembling an appropriate investigation team to examine the
details of this incident. The cause of the incident is not yet known and the
plant will remain down until it is determined that the plant can be safely
restarted. At this point the extent of downtime that will be required is
unknown and more information will be provided as it becomes available.
Chemtrade operates a diversified business providing industrial chemicals
and services to customers in North America and around the world. Chemtrade is
one of the world's largest suppliers of sulphuric acid, liquid sulphur dioxide
and sodium hydrosulphite, and a leading processor of spent acid. Chemtrade is
also a leading regional supplier of sulphur, sodium chlorate, phosphorous
pentasulphide, and zinc oxide.
This news release contains certain statements which may constitute
"forward-looking" statements within the meaning of certain securities laws,
including the "safe harbour" provisions of the Securities Act (Ontario). The
use of any of the words "anticipate", "continue", estimate", "expect", "may",
"will", "project", "should", "believe" and similar expressions are intended to
identify forward-looking statements.
This news release contains forward-looking statements about the
objectives, strategies, financial condition, results of operations and
businesses of the Fund. These statements are "forward-looking" as they are
based on current expectations about our business and the markets we operate
in, and on various estimates and assumptions.
- Forward-looking statements in this news release describe our
expectations as of the date of this news release.
- Our actual results could be materially different from our
expectations if known or unknown risks affect our business, or if
our estimates or assumptions turn out to be inaccurate. As a result,
we cannot guarantee that any forward-looking statement will
- Forward-looking statements do not take into account the effect that
transactions or non-recurring items announced or occurring after the
statements are made may have on our business.
- We disclaim any intention or obligation to update any forward-
looking statement even if new information becomes available, as a
result of future events or for any other reason.
- Risks that could cause our actual results to differ materially from
our current expectations are discussed in the RISKS AND
UNCERTAINTIES section of our MD&A.
Further information can be found in the disclosure documents filed by
Chemtrade Logistics Income Fund with the securities regulatory authorities,
available at www.sedar.com.
For further information:
For further information: Mark Davis, President and CEO, Tel: (416)
496-4176; Rohit Bhardwaj, Vice-President, Finance and CFO, Tel: (416)