Enterprise Products Partners LP (NYSE: EPD) said on April 3 that it has received customer commitments for two of its ethylene infrastructure projects.
Enterprise is repurposing a 5.3 million barrel ethylene storage well at its Mont Belvieu, Texas complex to be able to inject or withdraw ethylene at 2,000 barrels per hour, expandable to double that rate. The well is located within 2 miles of seven third-party ethylene pipelines.
Enterprise is also building a a 24-mile, 12-in. ethylene pipeline from Mont Belvieu to Bayport, Texas, that will ultimately have the potential of connecting both producing and consuming facilities south of the Houston Ship Channel to Mont Belvieu. The pipeline will be routed through the company’s Morgan’s Point ethane export terminal.
“These growth capital projects will expand our ethylene system to meet the growing needs of the petrochemical industry,” said R.B. Herrscher, senior vice president, petrochemical for Enterprise’s general partner, in a statement. “These new storage and transportation assets will also complement our existing capabilities, giving us the foundation for extending our ethylene value chain even further.”
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