Enterprise Products Partners boosts exports of ethylene in Texas
Enterprise Products Partners said that its ethylene export terminal at Morgan’s Point in Texas has crossed its design interim loading capacity and is expected to export over 175 million pounds for the month of June.
The ethylene export terminal in Texas is the company’s joint venture with Navigator Holdings.
According to Enterprise Products Partners, the terminal is in the process of loading an ethylene cargo of 44 million pounds on the Navigator Eclipse. The partnership expects to wrap up the construction of an aboveground ethylene storage tank, which will take the total loading capacity of the marine terminal to 2.2 billion pounds per year, by the end of this year.
Volumes of the marine terminal are underpinned by Enterprise Products Partners’ ethylene storage hub and pipeline system, which is linked to four ethylene pipeline systems. The midstream energy services provider expects to wrap up three more connections by the end of 2020, connecting its system to a majority of ethylene production capacity in Texas.
A.J. “Jim” Teague – co-CEO of Enterprise Products Partners general partner said: “To meet the growing demand for petrochemical products, Enterprise built the world’s first fully open access global hub for polymer grade propylene; now, we have developed the first global hub for ethylene.
“These hubs are transforming how ethylene and propylene markets transact and will create a true marketplace for the world’s primary petrochemical producers, consumers and traders. These hubs provide the essentials for an efficient market: reliable supplies, price transparency and access to domestic and global markets.”