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September 3, 2014

Portland port OKs propane terminal deal

PORTLAND (AP) — The Port of Portland said Tuesday it has reached an agreement with a company that wants to build a terminal to temporarily house propane imported by rail from Canada then exported by ship to Asia.

The port said the Pembina Pipeline Corp. terminal could go online in 2018 and handle 37,000 barrels a day of propane. Its cost is estimated at more than $500 million in private investments.

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