Sage Midstream has launched a project to build a world-class
propane and butane export terminal at the Port of Longview in
Washington, the company announced on Thursday.
will take place through
Sage's subsidiary Haven Energy Terminals.
Haven Energy plans to construct a unit -train-accessible rail
unloading facility, storage tanks, and ship loading area at
the port with the capability to load marine vessels with up
to a capacity of 550,000 bbl.
The terminal will have a capacity of 47,000 bpd and is
expected to be operational by the fourth quarter of 2016.
"Haven Energy will provide the growing North American propane
and butane supplies a direct route to the highest growth
demand market for these products in Asia and in other Pacific
destinations," said Greg Bowles, president of Sage and Haven
"The terminal will be strategically located at the
intersection of Class 1 mainline rail and a deep-water draft
port on the West Coast to ensure these products unparalleled
access to our terminal and ultimately to the waterborne
markets," he added.
Sage commissioned ECONorthwest, an economic consulting firm,
to conduct an independent economic study of the Haven Energy
. During the construction
period, the project
is expected to create over 2,000 construction
jobs with over $135
million in payroll and benefits, while generating over $17
million in state and local tax revenue.
Once operational, the project is expected to create between
100 and 125 permanent direct and indirect jobs and generate
over $80 million in local and state tax revenue in the first
Haven Energy said it will also invest in safety features at
the terminal, including the first full-containment propane
and butane storage tanks to be constructed in the US.
"The economic benefits to the local community and an
unsurpassed investment in safety will make this project
the gold standard of
propane and butane export terminals in the US," said Bowles.