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Chemtrade Logistics Income Fund Expects Beaumont Plant Back Online Late 2008

OPERATIONS RESTORED AT CHEMTRADE’S BEAUMONT, TEXAS PLANT

TORONTO, October 17, 2005 - Chemtrade Logistics Income Fund (TSX: CHE.UN) announced today that its chemical plant in Beaumont, Texas is now running at about 70% capacity and is expected to be back to full production over the course of this week.  The plant, which sustained ancillary damage as a result of Hurricane Rita, processes spent acid for oil refineries and chemical operations in the Gulf Coast area. 

Mark Davis, Chemtrade President and Chief Executive Officer, said, “The Beaumont team has done an excellent job in restoring operations, and deliveries to customers will recommence over the next couple of days.  Most of the damage has now been repaired, and while final costs are still coming in, we now estimate that the total cost of repairs will be less than US$750,000.”

For further information:

Mark Davis
President and CEO

Tel: (416) 496-4176

Victor Wells
Vice President, Finance & CFO

Tel: (416) 496-4177

 


 

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