Pembina Pipeline Corp. reaffirmed plans to undertake next steps developing its Portland propane export terminal project, the company said May 7.
The proposed US$500 million project would be the largest private investment in Portland, Oregon's history, with more than half the cost, US$250 million, sourced locally.
The Portland propane export terminal will contribute about US$12 million in annual property tax revenue when completed. The project requires US$25 million to US$30 million per year to operate. This money would be sourced locally, Pembina added.
The project will create 600 to 800 construction jobs and 30 to 40 permanent living wage jobs. Pembina will not seek government subsidies for the project, and will commit to employ union construction workers and local workers.
Portland’s mayor, Charles Hales, withdrew support for the project, the Calgary, Alberta-based company said.
Pembina addressed safety concerns related to the project while completing three public hearings. The project will adhere to safety and seismic codes and environmental regulations.
The Planning and Sustainability Commission, made up of 10 Portland residents, voted to move the project to city council for consideration. Hales’ vote is one of five that would be represented at the hearing, scheduled for June 10.
Pembina has distributed propane by rail in Oregon for 15 years, the company said. Last year, more than 7.5 million gallons were transported in Oregon, and more than 3 million of them were delivered to Portland.
Clean-burning propane is part of Oregon’s clean fuels program. Pembina said that the Portland propane export terminal could help transition developing countries to fuels like propane, and away from coal and wood.
Pembina said it would find renewable energy to offset the power used at the terminal facility. Pembina and the Port of Portland committed to a US$3 million community investment fund for the project.
The port is working with the company on the terminal, Pembina said.
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