TERMINATED: Portland Pembina propane oil terminal dead in the water.
Pembina Pipeline Corp., the Canadian company that wanted to build a $500 million propane terminal at the Port of Portland, quietly announced it has given up on getting it done in the Rose City.
In its annual information form filed with the Securities and Exchange Commission the Calgary, Alberta wrote:
On February 25, 2016, Pembina announced that while it remains committed to providing market access solutions for its customers by developing a North American West Coast Terminal, it has decided that it will not be proceeding with the previously announced location in Portland, Oregon and is instead evaluating multiple other west coast sites.
The terminal would have taken liquid propane, arriving by train at the port form Canada, piped it a few hundred feet to ships where it would have been exported, mainly to Asia.
Portland Mayor Charlie Hales supported the plant when it was announced by the Port in 2014, but did a U-turn in 2015, saying it did not meet environmental and safety standards. The Portland Planning and Sustainability Commission wanted to levy a $6.2 million climate charge on the project. Port chief Bill Wyatt, the Portland Business Alliance, and Calgary-based Pembina strongly disapproved.