PORTLAND, Ore. (KOIN) — Lightouse Resources announced on Thursday that it has started shipping U.S. Powder River Basic coal from Vancouver, B.C. and backed out of a project to ship coal from Oregon.
The coal will be shipped to Asia, with some of the first shipments going to South Korea.
“We are very excited to commence supplying our South Korean customers with the coal they’ve sought,” said Everett King, president and CEO of Lighthouse. “South Korea has one of the cleanest, most efficient coal-fired electrical generation fleets on the planet.”
As a result of shipping its coal from Canada, Lighthouse said it is backing out of the Morrow Pacific Project. This follows the Oregon Department of State Lands permit opinion that slowed Lighthouse’s plan to ship coal from the Port of Morrow on the Oregon side of the Columbia River.
The company started working on the Morrow Pacific Project in 2011. It was intended to be the first project to send Lighthouse coal to Asia.
King released the following statement on backing out of the Morrow Pacific Project:
“But for the unprecedented permit decision taken by DSL, the benefits from trade, jobs and economic development for Oregon could’ve been realized. We are grateful for the partnership and support we received from local citizens, community leaders, businesses, port officials and the states of Wyoming and Montana through an extraordinary political and unusual permitting process in Oregon. Though we are disappointed for our Morrow Pacific Project supporters, we are very excited to commence delivery of products to our customers.”
In 2016, Lighthouse took ownership of Millennium Bulk Terminals on the Columbia River in Longview, Wash. The company is cleaning up and redeveloping it into a “vibrant, world-class coal export terminal.” It’ll be capable of shipping up to 44 million metric tons per year, the company said.