Enterprise Products Partners LP and Navigator Holdings Ltd. shipped the first ethylene cargo from the companies' 50/50 joint venture marine export terminal located in the Houston Ship Channel.
The joint venture exported 25 million pounds of ethylene for Japanese trading company Marubeni Corp. from the terminal, which has the capacity to export 2.2 billion pounds per year of ethylene, according to a Jan. 8 news release.
A refrigerated storage tank, which can hold 66 million pounds of ethylene, is being added to the terminal and is expected to increase the terminal's capacity to a rate of 2.2 million pounds per hour. The tank should be completed in the fourth quarter.
In addition, Enterprise is in the midst of commissioning a 600 million-pound ethylene salt dome storage well in Mont Belvieu, Texas. The storage well, which was designed to serve as a storage and trading hub for the ethylene industry, is connected to Enterprise's and Navigator Holdings' export terminal through pipelines, according to the release.
Enterprise said it is also developing two projects that will extend its ethylene pipeline and logistics system further into south Texas. A 24-mile pipeline starting from Mont Belvieu and ending at Bayport, Texas is scheduled to enter service in the fourth quarter. The partnership's 90-mile Baymark Pipeline is also anticipated to be completed in the fourth quarter.