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 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.