Matrix Service Company have announced its subsidiary, Matrix Service, has been awarded the greenfield engineering, procurement, and construction of a second 600,000-barrel cryogenic ethane storage tank for a subsidiary of Enterprise Products Partners L.P. along the Texas Gulf Coast. The project, which was taken into Matrix’s backlog in the second quarter of Fiscal 2023, supports a continued demand for ethane in the global marketplace. Engineering for the storage tank will be completed by Matrix PDM Engineering.
“We value our long-standing relationship with Enterprise and appreciate their trust and confidence in us to engineer and construct this critical infrastructure,” Matrix Service Company President and CEO John R. Hewitt. “The global need for ethane continues to account for an increasing share of total U.S. production for its value as a petrochemical feedstock that can be broken down into ethylene, used in a wide variety of industrial, agricultural, and other applications. This greenfield infrastructure helps support that demand.
“With more than 65 years of legacy expertise in the engineering and design of cryogenic infrastructure, and as a leader in cryogenic storage and terminal solutions, Matrix is fielding a growing number of downstream project opportunities, including those for both ethane and ethylene, LNG, hydrogen, ammonia and propane.”
For more information visit www.investors.matrixservicecompany.com
