Enterprise Products Partners LP executed an additional long-term contract to provide ethane storage, transportation, refrigeration and loading services from its ethane export terminal that is currently being built on the Houston Ship Channel. With this agreement, Enterprise has long-term commitments for about 85% of the terminal’s capacity.
“As a result of this agreement, we have commenced evaluation of expansion options at the new ethane terminal,” said A.J. “Jim” Teague, COO of Enterprise’s general partner.
The new ethane export terminal is scheduled for completion in third-quarter 2016 and will be located at Enterprise’s Morgan’s Point facility on the Houston Ship Channel. It will be able to load fully refrigerated ethane at about 10,000 standard barrels per hour. An 18-mile, 24-inch diameter ethane pipeline will be constructed from Mont Belvieu, Texas, to supply the terminal.
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