Enterprise Products Partners will expand its marine terminal on the Houston Ship Channel after purchasing a 65-acre waterfront site.
The Enterprise Hydrocarbon Terminal currently comprises two existing docks, dredging infrastructure that will be utilised for maintenance and dock expansion at the site, and land for significantly expanding its marine terminalling capabilities.
Future expansion plans include construction of at least two deepwater docks capable of accommodating Suezmax vessels.
A.J 'Jim' Teague, CEO of Enterprise's general partner, says: 'As one of the last waterfront properties for sale adjacent to our existing shop channel assets, this strategic acquisition complements our world-class EHT marine terminal and strengthens our position as an industry leader in providing waterborne access.
'The growth opportunities available at the 65-acre site enhance our ability to accommodate growing US hydrocarbon production, which is increasingly destined for global markets.'
The newly acquired assets will be part of Enterprise's premier Gulf Coast network of marine terminals that includes 18 ship docks, and eight barge docks.
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