Millennium Determined and Confident in Overcoming Regulatory Hurdles

Millennium Bulk Terminals-Longview remains optimistic that its proposed export terminal in Longview will overcome the state’s regulatory pushback, according to a recent article from The Daily News.

The latest initiative to advance the project comes from Lighthouse Resources, Millennium’s parent company. According to The Daily News, Lighthouse is exploring ways to use a renegotiated North American Free Trade Agreement to solve the problem of excessive regulatory delays.

A recent letter to the Trump administration from U.S. Sens. Ted Cruz, Cory Gardner, and Steve Daines calls for a “competitiveness” chapter in any renewed NAFTA deal that would include “a streamlined, coordinated permitting system that expedites infrastructure and manufacturing projects, doesn’t keep companies in endless limbo awaiting politicized determinations, and unleashes exports.”

Such a chapter would be effective in advancing job-creating projects like Millennium. Its six-year long delay from state officials fits the description of a state of “endless limbo” that these senators find concerning.

This new effort comes as Millennium pursues legal recourse to earn approval for what The Daily News calls “the only major project of its kind with a completed environmental review.” Millennium
President and CEO Bill Chapman echoed the company’s determination, saying, “There’s clearly a pattern of state interference with federal, interstate and foreign commerce, and that’s exactly what the Constitution prohibits.”

As Millennium addresses politicized opposition from Washington state officials, the opportunity for the proposed export terminal to meet a global demand for its commodity continues to look bright. As the article from The Daily News notes, U.S. coal exports grew by 61 percent last year. Additionally, “exports to Asia more than doubled from 16 million short tons in 2016 to 33 million short tons in 2017, according to U.S. Energy Information Administration.” With long time Asian allies and trading partners like Japan and South Korea slated to be the major recipients of Millennium’s coal, these new developments highlight the need for the terminal project.

Aside from seven years of its time, Millennium has also invested $25 million in site cleanup and another $15 million in its environmental review. Considering recent developments, it is clear that Millennium will continue to invest resources to see its project rightfully reach completion.