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.”
Recommended Reading
Which Haynesville E&Ps Might Bid for Tellurian’s Upstream Assets?
2024-02-12 - As Haynesville E&Ps look to add scale and get ahead of growing LNG export capacity, Tellurian’s Louisiana assets are expected to fetch strong competition, according to Energy Advisors Group.
Marketed: Private Seller Certain Royalty Properties in D-J Basin
2024-02-13 - A private seller retained RedOaks Energy Advisors for the sale of certain royalty properties in the D-J Basin.
Marketed: Bendel Ventures 73 Well Package in Texas
2024-03-05 - Bendel Ventures LP has retained EnergyNet for the sale of a 73 well package in Iron and Reagan counties, Texas.
Marketed: EnCore Permian Holdings 17 Asset Packages
2024-03-05 - EnCore Permian Holdings LP has retained EnergyNet for the sale of 17 asset packages available on EnergyNet's platform.
CERAWeek: Exxon Mobil CEO Says Not Trying to Acquire Hess
2024-03-18 - CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.'s Guyana assets in its dispute with Chevron, not buy the company itself.