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Chemtrade Logistics Income Fund Expects Beaumont Plant Back Online Late 2008

TORONTO, October 3, 2008 – Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that its Beaumont, Texas regen/sulphuric acid plant is expected to be back online by late 2008. The plant was shut down following an explosion in the plant’s furnace on August 21, 2008. Longer than anticipated time to submit and receive permits from regulatory authorities for the rebuilding work will delay the mid-November restart which had been previously indicated.

Mark Davis, President and Chief Executive Officer of Chemtrade, said, “Efforts to complete the permitting process are in progress, but are taking longer than we expected. We have begun repairs to the facility wherever feasible and are ready to begin further work once permitting has been completed. Despite not producing at Beaumont, we maintain our second quarter guidance that distributable cash for the 12 months ending June 30, 2009 should be substantially similar to the 12 month period ended June 30, 2008, or about $2.15 per unit.” Mr. Davis added that Chemtrade will provide a further update on Beaumont and other operations when the Fund announces its third quarter results in early November.

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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