Port of Portland says propane terminal to be built

PORTLAND — The Port of Portland has reached an agreement to house a Canadian company’s propane terminal, importing the fuel by rail from Canada and exporting it by ship to Asia.

The port announced the agreement Tuesday with Pembina Pipeline Corp. of Calgary, Alberta.

The port said the $500 million terminal could go online in 2018 and handle 37,000 barrels a day of propane. Pembina said the propane is derived from natural gas.

The development is another instance of proposals to export fuels through the Northwest to Asia.

In a statement, port Executive Director Bill Wyatt said it has been choosy about such deals, “saying ‘no’ to coal and ‘not now’ to crude by rail.”

He called propane a “clean and safe alternative fuel” and Pembina an experienced company committed to safety.

More in Herald Business Journal

With surging Amazon stock, Bezos now worth more than $100B

It’s the first time anyone has crossed the $100 billion threshold since 1999.

Small retailers aim for emotional ties big chains may lack

“Put yourself into the community more and the money will come back to you.”

Even in the Amazon era, Black Friday shows stores are alive

Industry analysts are watching how the nation’s malls fare this holiday shopping season.

Japan’s Mitsubishi Materials reports faked quality data

The company makes components used to make autos, aircraft and electricity generation equipment.

Restaurant owners finding strong appetites in Detroit

The former manufacturing and car-making city is remaking itself into a technology hub.

A look at what some stores have planned for Black Friday

With unemployment low, stores are hoping customers are in a mood to shop.

Boeing bolsters team for potential 797 with leading engineer

Terry Beezhold has been chief project engineer for the 777X program.

Uber paid off their hackers — they’re far from the only ones

“More and more companies have their own Bitcoin wallets for such cases.”

Airline defendants to pay $95 million in 9/11 settlement

The litigation claimed that security lapses led the planes to be hijacked in the Sept. 11 attacks.

Most Read