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TSJV – Vancouver Oil-by-Rail Terminal – Washington - Project Profile

TSJV – Vancouver Oil-by-Rail Terminal – Washington - Project Profile

Synopsis

"TSJV – Vancouver Oil-by-Rail Terminal – Washington - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "TSJV – Vancouver Oil-by-Rail Terminal – Washington - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Tesoro-Savage Joint Venture (TSJV), a joint venture between Tesoro Corporation (TES) and Savage Companies (SC) is planning to undertake the oil-by-rail terminal in Vancouver, Washington, the US.

The project involves the construction of a new crude oil loading and rail unloading facility with an initially capacity of 120,000 barrels per day (bpd) with near-term expansion to 280,000 bpd; however, the permit will allow for up to 360,000 bpd.

It includes the construction of a storage facility, a loading facility, an unloading facility, access roads and other related infrastructure.

Savage will be responsible for oversee and manage the design, construction and operation of the facility on the joint venture’s behalf. The facility will exist on three parcels, including an off-loading facility by the port's loop rail track at Terminal 5, and a marine facility at Terminal 4.

In April 2013, Tesoro-Savage has submitted an application to planning authority.

In August 2015, developer released oil terminal lease details.

In November 2015, developers held public consultations and unveiled the safety concerns of new oil rail cars.

On November 24, 2015, The Energy Facility Site Evaluation Council (EFSEC) of Washington released its draft environmental impact statement (DEIS) for the project.

Energy Facility Site Evaluation Council (EFSEC) has conducted quasi-judicial proceedings from June 27, 2016 to July 29, 2016 and the final decision was recommended to governor who will be decide whether the project to proceed or not.

In October 2016, Tesoro proposed a new safety measures.

Under the proposal the terminal would operate at 50 percent capacity for the first year. If there are were no incidents that would increase to 75 percent in the second year. Barring any problems, the amount of crude oil passing through the terminal would increase to capacity at the beginning of the third year.

Washington State Government's decision on the project's fate is expected by the fourth quarter of 2016 or the first quarter of 2017.

On June 7, 2017 public hearing was held. Awaiting for the state approvals.

Stakeholder Information:
Planning Authority: Port of Vancouver

Scope

The project involves the construction of a 360,000 barrels per day crude oil loading and unloading facility in Vancouver, Washington, the US.

The US$210 million project includes the following:

1. Construction of a storage facility

2. Construction of a loading facility

3. Construction of an unloading facility

4. Construction of access roads

5. Construction of other related infrastructure

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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