Sage Midstream to build propane, butane export terminal in Washington
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.
The project 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 Energy.
"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 project. 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 20 years.
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.
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