Enterprise Products to build ethane export terminal to cut glut

|About: Enterprise Products Partner... (EPD)|By:, SA News Editor

Enterprise Products Partners (EPD) announces plans to build an ethane export facility on the Texas Gulf coast with the capacity to load 240K bbl/day, making it the largest such facility in the world; it is expected to begin operating in Q3 2016.

EPD says it has received strong interest in the project from abroad and is continuing discussions with potential customers that could result in fully contracting the capacity of the facility.

U.S. ethane supply currently exceeds demand by ~300K bbl/day and could reach 700K bbl/day by 2020, even with new ethylene capacity being built, according to the company.