Baby, You Can Drive My Car. You Just Can’t Sit in It.

Baby, You Can Drive My Car. You Just Can’t Sit in It.

We don’t typically sit around discussing the state of the automobile industry, but this latest news has earned our attention. With the shutdown last month of Gulf Coast petrochem plants, car makers face a new headache that threatens to slow or even halt production starting as early as next week. REC today is following Automotive News, which reports vehicle plants now are dealing with a critical shortage of refined products used to make plastics, rubber, and special fibers. Of particular concern is propylene oxide—the raw material in polyurethane foam used to make vehicle seats. Last year’s cuts in automobile production meant less demand for propylene oxide, which then meant Texas plants stopped producing it for a stretch. Factor in a quicker-than-expected demand recovery topped with an unprecedented winter storm, and you have all the ingredients for no ingredients available. The looming scarcity has at least one auto exec predicting the problem will be larger than the shortage of microchips.

What do you think? Learn more about REC at www.ReeseEnergyConsulting.com.

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An Enterprising Achievement

An Enterprising Achievement

Houston-based Enterprise Products wrapped up a daunting year on a note worth celebrating with service startup of a new 30,000-ton ethylene refrigerated storage tank at its Morgan’s Point, Texas export terminal. The tank offers a nameplate capacity of 1 million tons per year and will accelerate high-volume loading from the facility’s two docks at a rate up to 2.2 million pounds per hour. Ethylene supplies will be sourced from petrochem facilities along the entire Gulf Coast. Reese Energy Consulting today is following the latest news from Enterprise and its marine partner Navigator, which loaded its inaugural vessel at Morgan’s Point on December 23. The Liberia-flagged Navigator Atlas, a 21,000 cubic meter ethylene carrier, departed the terminal on Christmas Eve and is currently located near the Panama Canal. The new tank at Morgan’s Point is supported by a 600-million-pound storage cavern at Enterprise’s Mont Belvieu facility, the nation’s largest NGL market hub. Congratulations to all.

 

Enterprise Products

Enterprise Products Partners L.P. is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

www.enterpriseproducts.com

What do you think? Learn more about REC and our range of upstream, midstream, and downstream services at www.ReeseEnergyConsulting.com.

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Easton Energy Adds Muscle in the Gulf

Easton Energy Adds Muscle in the Gulf

Focused exclusively on developing infrastructure to support the transportation, storage, and processing of NGLs, refined products, and petrochemicals, Houston-based Easton Energy is stepping up its game as a serious midstream player in the Gulf Coast hubs. Formed in 2018, the company is a youngin’ compared to its big-name counterparts but came out swinging the same year when it bought 416 miles of NGLs pipelines from Tulsa-based Williams. Now, with a larger acquisition to its name on top of a recent expansion of its salt dome storage facility, Easton may just be getting started in the petrochem muscle department. Reese Energy Consulting today is following the latest news from Easton, which will sweep up Exxon’s 720-mile South Texas Pipeline in an acquisition that nearly doubles the company’s pipeline portfolio. The South Texas system extends from Exxon’s Clear Lake and Katy gas plants to Energy Transfer’s King Ranch Gas Plant and the Port of Corpus Christi and will connect to Easton’s 50 MMBbl salt dome storage facility in Markham, Texas. Easton in June also added crude oil to its storage rights.

 

Easton Energy

Easton Energy LLC is a Houston based midstream company focused on providing transportation, storage, and processing options for natural gas liquids (NGLs), refined products and petrochemicals.

What do you think?

Learn more about REC at www.ReeseEnergyConsulting.com.

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