Ma­gog chem­i­cal plant vows to clear parked rolling stock

Sherbrooke Record - - LOCAL NEWS - Record Staff

Akzo No­bel is in­vest­ing $1.2 mil­lion in its Ma­gog fa­cil­ity to op­ti­mize the lo­gis­tics of its sodium chlo­rate­car­ry­ing rail cars.

The ob­jec­tive, the com­pany says, is to free up the rails from the Venice sec­tor in Ma­gog and in the Deauville sec­tor. Sev­eral cars re­main parked on the shores of Lake Ma­gog, which has an­noyed neigh­bors, es­pe­cially since the Lac-mé­gan­tic tragedy.

Work should be com­pleted in June and will in­crease the stor­age ca­pac­ity of the com­pany's cars on its land.

Al­though the cars parked near Lake Ma­gog do not all be­long to Akzo Nobe, the com­pany says the re­moval of the cars be­long­ing to the com­pany will sig­nif­i­cantly im­prove the over­all sit­u­a­tion and should re­duce the num­ber days when one or more of cars are stored in the Deauville sec­tor by 90 per cent.

Cars be­long­ing to other com­pa­nies, which carry other prod­ucts such as oil or propane, will not be ac­cepted on Akzo No­bel land. It is likely cars will still have to be stored in the Venice area, but in smaller quan­ti­ties.

The Ma­gog Cit­i­zens Com­mit­tee and some res­i­dents of the Deauville sec­tor ap­plaud Akzo No­bel's de­ci­sion but are con­cerned that the rail­way’s owner, CMQ, wants to take ad­van­tage of the sit­u­a­tion to store cars car­ry­ing even more dan­ger­ous ma­te­ri­als, such as propane or oil.

No­bel has not re­ceived any com­mit­ment from CMQ to this ef­fect. No­bel said it wants the haz­ardous ma­te­ri­als elim­i­nated, but em­pha­sizes that the goal is also to elim­i­nate noise and vis­ual an­noy­ances.

Akzo No­bel re­cently an­nounced the sale of its spe­cialty chem­i­cals divi­sion, which in­cludes the Ma­gog com­pany. The Dutch chem­i­cal giant has sold its shares to Amer­i­can in­vest­ment fund the Car­lyle Group and the sovereign fund of Sin­ga­pore GIC.

The Car­lyle Fund is con­sid­ered one of the largest as­set man­age­ment groups in the world, with $178 bil­lion in as­sets.

The trans­ac­tion should be fi­nal­ized by the end of 2018.

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