Mr. Mick Dilger reports
PEMBINA CHOOSES PORTLAND, OREGON FOR NEW WEST COAST PROPANE EXPORT TERMINAL
Pembina Pipeline Corp.
has selected the site for the company's planned West Coast propane
export terminal project.
On Aug. 28, 2014, Pembina entered into an agreement with the port of Portland, Ore., that sets
forth the terminal site, which includes an existing marine berth,
located within the city of Portland, for the development of the project.
The terminal agreement also outlines the material commercial lease
terms for the West Coast terminal.
Most importantly, the terminal agreement now enables Pembina to begin
the process of engaging and consulting with the neighbours of the
project and other stakeholders within the city of Portland; municipal,
state and federal governments; and all applicable environmental and
regulatory authorities.
Under the terminal agreement, Pembina will continue to progress detailed
engineering work, undertake extensive environmental and regulatory
reviews and assessments, and, together with the port, begin the process
to obtain all the required permits and approvals for the development of
the West Coast terminal.
"Signing the terminal agreement is a tremendous milestone for the
project," said Mick Dilger, Pembina's president and chief executive
officer. "It marks the beginning of consulting and engaging with
stakeholders, governments, and the environmental and regulatory
authorities. Building trust with the communities where we operate is a
top priority for Pembina, and over the last 60 years, we have developed
a reputation for honesty, transparency and treating our stakeholders
with respect. Ongoing dialogue with our stakeholders is an integral
part of what we do and is the most important step in any development
process. We are looking forward to our conversations with the
neighbours of the project."
Pembina intends to initially develop a 37,000-barrel-per-day propane
export facility for an expected capital investment of approximately
$500-million (U.S.) and with an anticipated in-service date of early 2018.
The company expects that the West Coast terminal will provide growing
Canadian propane supply (that is derived from natural gas produced in
Western Canada) with access to large, international markets while
complementing Pembina's expanding integrated service offering for
products that are derived from natural gas.
"Working with the port toward development of Pembina's West Coast
terminal has been very positive," said Andrew Gruszecki, Pembina's vice-president of business development. "We are pleased by the port's
sophistication, work ethic, and excellent facilities and operations.
Pembina is eager to progress the project under the terms of the
terminal agreement to bring our plans for a significant investment in
the Portland area to fruition, allowing us to provide an exciting
opportunity for our shareholders and a market solution for our
customers. We are excited to work with the people of Portland on
investment and employment opportunities for the near and long term."
The port is located in the city of Portland along the Columbia and
Willamette rivers. The Columbia River provides deepwater access to the
Pacific Ocean, which is approximately 180 kilometres downstream. The
port has lands available for the installation of storage, piping, rail facilities and marine infrastructure associated with Pembina's
project.
"Our port is already a proven gateway for Canadian exports and imports,
and I am impressed by the level of experience, expertise and commitment
to safety that Pembina brings to the table," says Bill Wyatt, executive
director of the port of Portland. "This will be an excellent fit, and
we are fully committed to make the project a reality in Portland."
Pembina believes being a responsible operator means being committed to
protecting the health and safety of people and the environment. The
company's safety, environment and security management system is
a cornerstone of Pembina's success and is deeply embedded in its
corporate culture. Pembina reinforces its dedication to excellence in
SES in its daily operations through regular safety meetings, extensive
contractor screening, rigorous project inspection, review of potential
hazards, and ensuring the company's assets and practices meet or exceed
industry best practices. Pembina will work with the port of Portland
and all other stakeholders to ensure the project is constructed and
operated safely and in accordance with all municipal, state and federal
regulations.
Under the terms of the terminal agreement, the project is subject to
Pembina and the port entering into definitive agreements, as well as the
receipt of all environmental and regulatory permits and approvals
necessary for the development of the project.
We seek Safe Harbor.
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