10-04-2014

Sage Midstream launches west coast propane and butane export terminal project

Sage Midstream today announced it has launched a project to build a world-class, West Coast propane and butane export terminal at the Port of Longview in Washington State, through its subsidiary Haven Energy Terminals LLC.

Haven Energy will 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 an approximate capacity of 550,000 barrels. The terminal will have a capacity of 47,000 barrels per day and is expected to be operational by Q4 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.”

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 – 125 permanent direct and indirect jobs and generate over $80 million in local and state tax revenue in the first 20 years.

Haven Energy will also invest in state-of-the-art safety features at the terminal, including the first full-containment propane and butane storage tanks to be constructed in the U.S. “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 U.S.” said Bowles.