INEOS and Enterprise Products Partners L.P. have announced that the first cargo of ethane to be exported from Enterprise’s Morgan’s Point, Texas terminal has been loaded. The INEOS Intrepid set sail today on route to the INEOS facility at Rafnes in Norway.
The INEOS Intrepid is the first ship to export ethane out of Marcus Hook near Philadelphia in March as well as the new Morgan's Point terminal on the Gulf Coast.
The Morgan’s Point ethane export facility, which is the largest of its kind in the world, can load at a rate of 10 000 bbls/hr, provides INEOS with another supply route from the US in addition to Marcus Hook, Pennsylvania.
"This is another significant development for INEOS Olefins & Polymers as it secures additional ethane from the US. It complements our needs for competitive raw materials for our European cracker complexes," said David Thompson CEO of INEOS Trading and Shipping.
The investment in the terminal by Enterprise will help to secure the growing international demand for supplies of US ethane from shale, which offers diversification and a competitive raw material for the global petrochemical industry. By providing US ethane producers with access to the international markets, the Morgan’s Point terminal is also facilitating continued development of US energy reserves.
Supply for the new ethane export terminal is sourced from Enterprise’s natural gas liquids fractionation and storage complex in Mont Belvieu, Texas and transported through a new 18 mile, 24 in. diameter pipeline that was completed in February 2016. In addition, the Mont Belvieu complex is connected to ethane production from the Marcellus and Utica Shale regions through the ATEX pipeline.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.tanksterminals.com/storage-tanks/02092016/ineos-vessel-loaded-at-enterprise-ethane-export-terminal-4008/