CHEMTRADE EXPANDS ITS SODIUM HYDROSULPHITE BUSINESS WITH PURCHASE OF OLIN CORPORATION’S SHS BUSINESS FOR U.S. $7.3 MILLION

TORONTO, April 30, 2007 – Chemtrade Logistics Income Fund (TSX: CHE.UN) announced today that it is purchasing the liquid sodium hydrosulphite (SHS) business of Olin Corporation for U.S. $7.3 million, a portion of which is subject to certain earn out provisions.  The acquisition does not include Olin’s manufacturing assets. Under the agreement, Olin will produce product for Chemtrade at its plants in Charleston, Tennessee and Augusta, Georgia. The transaction is expected to close at the beginning of May.

Mark Davis, Chief Executive Officer of Chemtrade, said the deal enhances Chemtrade’s ability to reliably supply its customers and further strengthens Chemtrade’s SHS business. “We now have a significantly larger customer base, with the flexibility of supplying our customers from our own plant in Leeds, South Carolina or from the Olin plants.”  Mr. Davis said the new contracts are expected to generate an EBITDA to capital return in excess of 20%.

Mr. Davis added, “The new relationship is similar to and complements the supply and marketing arrangement we have with ZhongCheng for powder SHS in the U.S.  The combination of our own production with outsourced supply and production enables us to profitably serve our customer base while limiting our exposure to manufacturing risks.”

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.

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