CHEMTRADE AND VALE INCO ENTER INTO NEW AGREEMENT FOR MARKETING OF SULPHUR BY-PRODUCTS

TORONTO, March 3, 2008 – Chemtrade Logistics Income Fund (TSX: CHE.UN) announced today that Chemtrade Logistics Inc. has renewed its agreement with Vale Inco Limited for the marketing of all sulphur by-products produced by the Vale Inco smelter in Sudbury, Ontario. The new 10-year contract, which contains similar terms to the existing agreements between the parties, is effective as of January 1, 2008. This continues the exclusive relationship between Chemtrade, including its predecessors and Vale Inco for the marketing of sulphur by-products, which has been in place for more than 75 years.

Mark Davis, President and Chief Executive Officer of Chemtrade said, “We are delighted to announce this agreement, which is the culmination of significant effort by both Chemtrade and Vale Inco. Chemtrade and Vale Inco have a long and mutually beneficial relationship based upon the parties’ alignment of interests and focus on long-term business goals. The length of the new agreement demonstrates the commitment of both companies to continue their long-term focus on the safe and efficient removal of Vale Inco’s sulphur by-products and the maximization of value from these products.“

“The capture of sulphur dioxide gases and conversion into sulphuric acid and liquid SO2 is key to Vale Inco’s continued environmental stewardship at our Sudbury operations,” said Fred Stanford, President of Vale Inco’s Ontario Operations. “Our relationship with Chemtrade provides us with continuing certainty of removal services and an opportunity for enhanced value from our by-products.”

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.

Vale Inco Limited is a leading producer of nickel, copper, cobalt and precious metals, based in Toronto, Canada. Vale Inco is a wholly-owned subsidiary of Companhia Vale do Rio Doce (Vale) (NYSE: RIO), one of the world’s largest mining companies. Vale Inco is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.

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