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Chemtrade to Expand Rotterdam Terminal

Long term Agreement with Customer, Bayer MaterialScience AG

TORONTO, August 22, 2007 — Chemtrade Logistics Income Fund (TSX:  CHE.UN) announced today that its wholly-owned international subsidiary, BCT Chemtrade Corporation, has substantially enhanced its long term business relationship with Bayer MaterialScience AG of Leverkusen, Germany.  BCT Chemtrade and Bayer have entered into a long term agreement for the storage of caustic soda at BCT Chemtrade’s Rotterdam Terminal, which will be expanded to handle increased throughput.  Charges include a fixed fee for the terminal services provided and additional fees if the throughput exceeds the contracted amount.

Chemtrade has agreed to expand its existing terminal facility at a cost of approximately €3.5 million, increasing total storage capacity to 100,000 tonnes.  In addition, Chemtrade has agreed to build an additional jetty for the loading and unloading of seagoing vessels and barges, thereby improving its ability to optimize the use of its facilities.  The jetty expansion which is expected to cost approximately €2.9 million will be financed by the Port of Rotterdam.  Construction is expected to begin in the fall of 2007 and be completed by June 2008.

Mark Davis, Chief Executive Officer of Chemtrade, said, “We are very pleased with this new agreement.  It demonstrates the excellent relationship that exists between BCT and a key customer and our team’s ability to work with our customers to find value added solutions for both parties.  Additionally, this project, like our acquisition of the Olin SHS business in May, is clear evidence of our ability to continually improve and strengthen our business.  The agreement with Bayer MaterialScience AG is consistent with our desired business model of adding earnings that are not affected by changes in commodity pricing.”

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 materialize.
  • 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:

Mark Davis
President & CEO 

Tel: (416) 496-4176

Rohit Bhardwaj
Vice President, Finance & CFO 

Tel: (416) 496-4177

Website: www.chemtradelogistics.com

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