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

Snohomish County’s campaign to land the 797 takes off

Executive Dave Somers announced the formation of a task force to urge Boeing to build the plane here.

For modern women, 98-year-old rejection letters still sting

In a stark new video, female Boeing engineers break the silence about past inopportunity.

Drone’s ease piercing of NY ‘no-fly’ zone underscores risks

An Army Black Hawk helicopter suffered damage to one of its rotor blades, but was able to land safely.

Disney buying large part of 21st Century Fox in $52.4B deal

Before the buyout, 21st Century Fox will spin off the Fox network, stations and cable channels.

Commentary: GM, Boeing fight a war of words over Mars

Boeing is strongly signaling how crucial deep-space exploration is to its future.

Angel of the Winds pays $3.4M for Everett arena naming rights

The casino replaces Xfinity as the lead sponsor for the publicly owned downtown Everett events center.

Delta orders 100 Airbus A321neo jets valued at $12.7 billion

Boeing had hoped to land the deal, offering comparable 737s.

‘Not surprising’: FCC repeals net neutrality rules

Internet service providers will be free to slow down competing services and sell faster speeds.

Rubio to vote against tax bill if child credit isn’t expanded

Sen. Bob Corker announced that he would vote against it due to concerns on the federal deficit.

Most Read