Safe Transfer of Crude Oil
The proposed terminal will receive – but will not process or refine – crude oil by rail and load it onto ships bound for oil refineries in Washington and elsewhere on the West Coast. Three basic steps occur at the terminal: unloading crude oil from rail cars, staging the oil temporarily in tanks and loading it to marine vessels.
The Port of Vancouver USA is the best location for the terminal because of its existing access to rail and marine transport. Of all West Coast deepwater seaports, Vancouver has the most direct rail access to the Bakken formation. Direct access reduces transportation costs and enhances safety with fewer handoffs between rail operators.
Safety is of paramount importance to the design and operation of Vancouver Energy. More information about safety at the terminal can be found here.
If deemed necessary by EFSEC, Vancouver Energy has agreed to accept a condition that ties the volume of crude oil handled by the terminal to our safety performance:
- 180,000 barrels per day at start;
- Increase to an average of 270,000 barrels after 12 consecutive months of demonstrating safety and environmental performance throughout the supply chain;
- Increase to an average of 360,000 barrels per day after additional 12 consecutive months of operations without incident.
The terminal will:
- Use less than 3 percent of Port property (42 acres).
- Initially will receive an average of 1 to 2 trains per day; throughput may increase to the permitted level of an average of up to 4 trains per day based on safety performance.
- Capitalize on the $190 million project to improve and deepen the Columbia River shipping channel that was completed in 2010.
- Unlock the value of the Port’s $250 million West Vancouver Freight Access project designed to create jobs and generate economic benefit by investing in freight rail infrastructure.