This past week has seen renewed interest in reopening the former OCI plant in Port Union. Various interest groups have brought investors from Toronto and China to tour the plant and the local MHA for Trinity North Neil King said “There’s some good potential there to get things rolling.” Through the Toronto-based company Àr n-oileàn Resources, would be Chinese investors apparently see huge potential for processing seal oil at the plant for export to Asian markets.
According to MHA King, investors are looking to invest up to $90 million (US). This would certainly boost the economy of the local area with jobs but from the CSA point of view it would mean more opportunity for sealers to obtain new markets for their harvest.
Media links: CBC’s article and The Packet’s article
Photos: Neil King’s Facebook.