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Reported by Platts:
A second proposed coal export terminal in the Northwest was scrapped last week, but it is not seen as a reflection on the ability of the four remaining terminals to proceed.
“We’re not seeing a trend. The two projects not moving forward were the two most speculative,” Lauri Hennessey, a spokeswoman for the Alliance for Northwest Jobs and Exports, said Wednesday.
Last week, the Port of Coos Bay announced that a proposed coal export terminal would not be developed at the port.
An exclusive negotiating agreement between the port and Metropolitan Stevedore, also known as Metro Ports, of Wilmington, California, expired on March 31 and was not renewed. Metro Ports was part of a consortium called Project Mainstay pursuing the development of the coal export facility. The consortium also included Mitsui & Co., a Japanese energy development and trading firm, and Korea Electric Power. Both companies dropped out of the project last month.
In August 2012, RailAmerica scrapped its plans to build a 5.5 million short ton/year coal export terminal in Hoquiam, Washington.
More at Platts