LONGVIEW — Port of Longview commissioners have ended talks with the Texas-based developer of an $800 million oil refinery and a propane terminal in southwest Washington.
The Daily News of Longview says commissioners voted Tuesday 3-0 to end talks with Waterside Energy. The company proposed two projects on land adjacent to the port but needed to use port property for its activities.
Commissioners said the company missed deadlines to show it had financial backing for the projects.
Waterside Energy proposed a refinery that could each day process about 30,000 barrels of crude oil and about 15,000 barrels seed and used cooking oils.
CEO Lou Soumas told Oregon Public Broadcasting he was disappointed in the decision. He says the company is pursuing other ports and landowners in Washington and Oregon to try to move the project forward.
Environmental groups have raised concerns about potential train derailments and other risks.
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