INEOS vessel is the first to be loaded at the new Enterprise export terminal on the Houston Ship channel.
Enterprise Products Partners L.p. to provide an important supply route for INEOS sites in Europe.
INEOS and Enterprise Products Partners L.P. have today announced that the first cargo of ethane to be exported from Enterprise’s Morgan’s Point, Texas terminal has been loaded. TheINEOS Intrepidset sail today en route to the INEOS facility at Rafnes in Norway.
The INEOS Intrepid is the first ship to export ethane out of Marcus Hook near Philadelphia in March as well as the new Morgan's Point terminal on the Gulf Coast
The Morgan’s Point ethane export facility, which is the largest of its kind in the world, can load at a rate of 10,000 barrels per hour, provides INEOS with another supply route from the USA in addition to Marcus Hook, Pennsylvania.
"This is another significant development for INEOS Olefins & Polymers as it secures additional ethane from the USA. It complements our needs for competitive raw materials for our European cracker complexes," said David Thompson CEO of INEOS Trading and Shipping.
The investment in the terminal by Enterprise will help to secure the growing international demand for supplies of U.S. ethane from shale, which offers diversification and a competitive raw material for the global petrochemical industry. By providing U.S. ethane producers with access to the international markets, the Morgan’s Point terminal is also facilitating continued development of U.S. energy reserves.
Supply for the new ethane export terminal is sourced from Enterprise’s natural gas liquids fractionation and storage complex in Mont Belvieu, Texas and transported through a new 18-mile, 24-inch diameter pipeline that was completed in February of 2016. In addition, the Mont Belvieu complex is connected to ethane production from the Marcellus and Utica Shale regions through the ATEX pipeline.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Their services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The company owns approximately 49,000 miles of pipelines; 250 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
ENDS.
Press information:
Richard Longden (INEOS) +41 (0) 21 627 7063