Press Release, September 03, 2014; Image: JCWC zoom With private investment conservatively estimated at more than half a billion dollars, a new propane export facility in Portland, U.S.A. could prove to be a massive boom for the local economy in coming years. It would represent one of the largest single private capital investments in the city’s history, Port of Portland claims in its release.The Port announced that Pembina Pipeline Corporation has entered into an agreement to develop a rail-served propane export facility that could be up and running by early 2018. Pembina is planning to construct and operate the facility on land adjacent to the east end of the Port’s marine Terminal 6 in Rivergate Industrial District.Based in Calgary, Alberta, Pembina is one of Canada’s leading providers of transportation and logistics for the North American energy sector.“Signing an agreement with the Port of Portland is a tremendous start to making this project real. It marks the beginning of consulting with government and stakeholders,” said Mick Dilger, Pembina’s President and CEO.Upon completion, the propane export facility would receive approximately 37,000 barrels of propane per day. It is anticipated that most of the propane would be exported to Asian markets, where the cleaner burning propane will be utilized for various residential and industrial purposes.“We have been extremely discerning when considering recent energy sector cargo opportunities, and after saying ‘no’ to coal and ‘not now’ to crude by rail, we are confident that we are saying ‘yes’ to the right partner at the right time,” said Bill Wyatt, executive director for the Port of Portland.“Propane has an excellent track record as a clean and safe alternative fuel, and I am impressed by the level of experience, expertise and commitment to safety that Pembina brings to the table.”It is estimated that the project will generate between 600-800 temporary construction jobs and approximately 35 to 40 new, permanent positions to operate the terminal.