The project, proposed by the port’s longtime tenant Tesoro in partnership with the logistics company Savage, will bring North American crude oil to the port by rail where it will then be transferred to marine vessels for transport to refineries along the West Coast.
Revenue to the port over the 10-year lease period is expected to exceed $45 million. The facility is expected to create between 80 and 120 permanent jobs and 250 temporary construction jobs.
The project now moves into the environmental permitting process. Washington State’s Energy Facility Site Evaluation Council will act as the lead agency for local and state permits. Following an extensive review, the agency will make a recommendation to Gov. Jay Inslee.
The companies hope to launch the terminal in 2014.
Image courtesy Port of Vancouver USA
