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Chemtrade Enhances Service Assurance for its Beaumont Spent Acid Regeneration Customers

TORONTO, December 2, 2008 — Chemtrade Logistics Income Fund (TSX: CHE.UN) announced today that it has entered into an agreement with Rhodia Inc. for spent acid regeneration services to cover the Beaumont plant startup period. The agreement provides further assurance to Chemtrade’s customers that Chemtrade will continue to deliver critical spent acid regeneration services while the repairs and startup of Chemtrade’s Beaumont plant are being completed. The Beaumont plant has been offline and undergoing repairs since an explosion in August 2008.  Under the agreement, Rhodia will make processing available to Chemtrade for all of the spent acid regeneration business that Chemtrade would normally process at its Beaumont facility. The arrangement commences at the end of December 2008 and will continue into mid February 2009.

Mark Davis, President and CEO of Chemtrade, said, “Chemtrade continues to believe that the Beaumont repairs will be completed by the end of the year and the plant restarted at that time.  However, we are also cognizant of the critical nature of the services we supply to our regen customers.  Despite the fact that our repairs are well advanced, we entered into this agreement as additional protection and to further assure our customers that their core operations will not be adversely affected.”

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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