US Gulf Coast ethylene export facility’s new storage tank to speed up loadings
A new refrigerated storage tank now in service at a US Gulf Coast ethylene export terminal jointly owned by Enterprise Products Partners and British liquefied gas carrier Navigator will allow the facility to load vessels faster and achieve capacity of 1 million mt/year, the companies said Dec. 29.
As US exports of NGLs and their byproducts have flourished in recent years, thanks to cheap and abundant feedstock supplies generated by prolific shale production , midstream operators have been eager to increase capacity.
That’s been especially true during the coronavirus pandemic due to supply constraints of certain commodities in certain markets. Enterprise, in particular, has been trying to seize on the opportunities that have opened up to boost its scale and market share. Ethylene is a feedstock for consumer products such as cell phones, apparel and personal protective equipment, which has been in hig
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Enterprise Products Partners (NYSE:EPD) is a bellwether name in the midstream oil and natural gas sector. However, those in the know are just as cognizant of the smaller
Magellan Midstream Partners (NYSE:MMP) and the long-term success it has achieved. The problem is that the future for the industry could be very different from the past, and one of these two partnerships is simply better positioned in what is a very uncertain time. Here s a closer look at this pair to help you understand why.
Enterprise, Navigator Bring Storage Tank Online at Texas Ethylene Export Terminal
Service has begun on a 30,000-ton refrigerated ethylene storage tank at an export facility in Morgan’s Point, TX, owned through a 50-50 joint venture between affiliates of Enterprise Products Partners LP and Navigator Holdings Ltd., the companies announced Tuesday.
The first vessel to utilize the service, a 21,000 cubic meter ethylene gas carrier, was loaded at the facility, located on the Houston Ship Channel, last week. The newly in-service storage tank is designed to allow faster loading and increase efficiency for customers, enabling a nameplate export capacity of 1 million tons per year.
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