CHEMTRADE INVESTS IN SULPHUR PRODUCTS COMPANY IN ARGENTINA

TORONTO, March 26, 2008 – Chemtrade Logistics Income Fund (TSX: CHE.UN) announced today that it is investing US $2.5 million in Buenos Aires based Meranol S.A.C.I., a leading Argentine producer of sulphuric acid and other sulphur products. Meranol, including its predecessor companies have been in the chemical business for approximately 120 years. Chemtrade’s investment is in the form of convertible notes which are convertible into 10% of the equity of Meranol. Chemtrade also has options to increase its investment to up to 45% of Meranol’s common stock at a pre-determined price.

Meranol is a major producer of sulphuric acid and also produces aluminium sulphate, iron oxide pigments and linear alkyl benzene sulphonic acid at its integrated plant in Buenos Aires. Meranol is uniquely situated to capture the increasing Argentine demand for sulphuric acid driven by the significant growth of the fertilizer industry. This investment will allow Chemtrade and Meranol to solidify their existing relationship and enable Chemtrade to participate in a dynamic long-term market for sulphur and sulphuric acid.

Mark Davis, President and Chief Executive Officer of Chemtrade, said, “Chemtrade’s investment in Meranol is another step in the execution of our growth strategy. Meranol extends the international scope of our business and enhances our ability to participate in markets with expanding demand for our products. Our investment permits Meranol to aggressively expand its business to take advantage of the increasing demand for sulphuric acid from fertilizer producers in Argentina, as well as the potential growth in the country’s mining and agriculture industries. Although our initial investment is modest, the option to increase our equity interest to 45% puts us in a favourable position to participate in the exciting prospects that we see for Meranol and the region generally.”

Dr J. Wertheim, Chairman of Meranol, said, "Having Chemtrade as a strategic international partner provides us with tremendous synergistic strength. This strength will enable us to pursue even greater participation in the expanding sulphuric acid and sulphur market in Argentina and related business development activities throughout the region."

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.
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• 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.
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