Enterprise Products Partners will increase its ability to load LPG, PGP and crude oil from its Houston Ship Channel terminal through three expansion projects.
Currently, Enterprise's nameplate LPG loading capacity at its Hydrocarbon Terminal is 660,000 barrels per day. Previously, Enterprise announced a project to add 175,000 barrels per day of LPG loading capacity, which is currently under construction and expected to be completed late in the third quarter of 2019.
The three additional projects will increase incremental LPG loading capacity by another 260,000 barrels per day and are expected to be in service in the third quarter of 2020. When completed, the projects will give the terminal nameplate capacity to load up to almost 1.1 million barrels per day of LPG, or 33 million barrels per month.
The company is also adding refrigeration facilities at its Houston Ship Channel terminal that will enable Enterprise to load up to an incremental 67,200 barrels per day of fully refrigerated PGP. This expansion is expected to be available in the fourth quarter of 2020.
As part of the expansion, Enterprise is also building an eighth dock at its Houston Ship Channel terminal with the capacity to load 840,000 barrels per day of crude oil, increasing the company's nameplate export capacity for crude oil at the Houston Ship Channel to 2.75 million barrels per day. The new dock, which will be in service in the fourth quarter of 2020, will be able to accommodate a Suezmax vessel.
A.J 'Jim' Teague, CEO of Enterprise's general partner, says: 'In total these expansions will enable us to load an incremental 1.3 million barrels per day of LPG, PGP and crude oil. Our integrated midstream system, including our Houston Ship Channel terminal, is providing Texas products with access to the highest value markets, including international markets.
'These projects utlise the latest technology to modify and expand existing facilities and represent a very efficient use of capital with attractive returns. A key driver and catalyst to make these additional investments in our Houston Ship Channel complex is clarity and certainty provided by recent legislation signed into low by Governor Abbott that ensure two-way traffic ALONG THE Houston Ship Channel.'
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