Enterprise Products Partners LP (EPD) and Navigator Holdings Ltd (NVGS) said that the construction is underway on their 50:50 joint venture ethylene export terminal.
To be located at Enterprise’s Morgan’s Point, Texas facility on the Houston Ship Channel, the terminal will have the capacity to export approximately 2.2 billion pounds of ethylene per year.
Refrigerated storage for 66 million pounds of ethylene is being constructed on-site and will provide the capability to load ethylene at rates of 2.2 million pounds per hour. Commercial operations are expected to begin in the fourth quarter of 2019.
By providing access to international markets, the new export terminal will facilitate continued growth of domestic ethylene production, which is expected to reach 90 billion pounds per year by 2021. In addition, the terminal being constructed by Enterprise and Navigator will promote supply diversification for expanding markets like Asia, which rely on cost-advantaged US feedstocks.
Enterprise Products Partners LP (EPD) and Navigator Holdings Ltd (NVGS) said that the construction is underway on their 50:50 joint venture ethylene export terminal.
To be located at Enterprise’s Morgan’s Point, Texas facility on the Houston Ship Channel, the terminal will have the capacity to export approximately 2.2 billion pounds of ethylene per year.
Refrigerated storage for 66 million pounds of ethylene is being constructed on-site and will provide the capability to load ethylene at rates of 2.2 million pounds per hour. Commercial operations are expected to begin in the fourth quarter of 2019.
By providing access to international markets, the new export terminal will facilitate continued growth of domestic ethylene production, which is expected to reach 90 billion pounds per year by 2021. In addition, the terminal being constructed by Enterprise and Navigator will promote supply diversification for expanding markets like Asia, which rely on cost-advantaged US feedstocks.
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