Enterprise Products Partners LP and Navigator Holdings Ltd have announced that service has begun on a new 30,000-ton refrigerated ethylene storage tank at the ethylene export terminal, which is owned 50/50 by affiliates of the two companies.
Navigator Atlas, a 21,000 cubic meter ethylene gas carrier, became the first vessel to utilise the new service when it was loaded at the facility located in Morgan’s Point, Texas on December 23, 2020.
The tank will facilitate faster loading, increasing efficiency for the terminal’s customers and enable the terminal to reach an annual nameplate export capacity of 1 million tons per year.
AJ ‘Jim’ Teague, co-chief executive officer of Enterprise’s general partner, said: “We expect the terminal to operate at capacity, utilizing Enterprise’s vast interconnected ethylene platform, and to create strong demand for Navigator’s fleet of specialized ethylene capable vessels.”
“Our fully commissioned Morgan’s Point ethylene export facility is the largest and most reliable supply source for waterborne ethylene in the world.”
He added: “The terminal is backed by the supply of the entire US Gulf Coast via our growing ethylene midstream services, which include our open access storage and market hub in Mont Belvieu.
“Our ethylene export, storage, and transportation services highlight our vision to provide midstream services for the petrochemicals industry that allow our customers to focus on their unique competitive advantages in the US and in growing international markets.”
The new ethylene storage tank is supplied by a 600-million-pound ethylene storage cavern at Enterprise’s Mont Belvieu, Texas complex. Enterprise also has the capability to further expand its underground caverns to accommodate additional ethylene storage. For more information visit www.enterpriseproducts.com