A new propane export facility is planned at the Port of Portland in Oregon.
The port said Tuesday that Calgary, Alberta-based Pembina Pipeline Corporation has entered into an agreement to develop a rail-served propane export facility that could be operational by 2018. Pembina is planning to construct and operate the facility on land adjacent to the east end of the port’s Terminal 6 in the Rivergate Industrial District.
Upon completion, the propane export facility would receive approximately 37,000 barrels of propane per day. It is anticipated that most of the propane would be exported to Asian markets, where the cleaner burning propane will be utilized for various residential and industrial purposes.
“We have been extremely discerning when considering recent energy sector cargo opportunities, and after saying ‘no’ to coal and ‘not now’ to crude by rail, we are confident that we are saying ‘yes’ to the right partner at the right time,” said Bill Wyatt, executive director for the Port of Portland. “Propane has an excellent track record as a clean and safe alternative fuel, and I am impressed by the level of experience, expertise and commitment to safety that Pembina brings to the table.”
Wyatt continued, “It is not an overstatement to say this would be transformative not only for the port’s bottom line, but for the significant influx of city, county and state tax revenue supporting our region. We already handle exports of potash and wheat from Canada, and we’re excited to serve as the gateway for this new cargo type from our neighbors to the north.”