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  1. phil
    April 22nd, 2014 at 7:50 pm

    Enterprise Products to build ethane export terminal to cut glut

    07:11 PM ET · EPD

    • 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.
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