With the completion of a new underground storage project and other recently constructed facilities US-based transportation and storage player Enterprise Products Partners now offers approximately 10 million barrels of refined products storage capacity in the Gulf Coast area.
The company has added approximately 2 million barrels of new underground storage capacity for motor petrol and distillates at Mont Belvieu, Texas, as part of a comprehensive programme to enhance the service capabilities across the partnership's refined products network.
Enterprise also made improvements to its network of terminals to improve and expand service options. Ethanol handling capabilities have been added to the Lebanon, Ohio, terminal and the recently reactivated facility in North Little Rock, Arkansas, in addition to their ability to handle low sulphur and ultra-low sulphur diesel, as well as regular unleaded petrol.
Logistical and operational improvements to Enterprise's Lebanon terminal have included four new truck bays, which are expected to ease congestion and nearly double truck loading capacity. The addition of ethanol blending capabilities at this facility will allow Enterprise to facilitate a variety of petrol blends.
The enhancements at our terminals are consistent with Enterprise's plan to expand and improve the services we provide to our refined products customers, A.J. Teague, Enterprise executive VP and COO, notes. Since acquiring the TEPPCO system, Enterprise has embarked on a programme to upgrade the system's flexibility by expanding connectivity to supplies and markets, increasing storage capacity and adding new services.
Enterprise continues to evaluate other opportunities to enhance the capabilities of its refined products system by leveraging the potential of its other terminals strategically located in North Houston, Shreveport, Louisiana, Cape Girardeau, Missouri, and Princeton, Indiana.
The partnership's Boligee, Alabama and Aberdeen, Mississippi terminals, which provide river access, offer customers yet another dimension of flexibility and additional marketing opportunities.
The refined products storage cavern that was added at the Mont Belvieu storage complex resulted from the conversion of an existing cavern that had been in natural gas liquid service. This storage facility is owned 66% by Duncan Energy Partners and 34% by Enterprise Products Partners.
In related news the company has acquired a Houston Ship Channel facility previously owned by Bigler, for the production of high-purity isobutylene (HPIB) and terminal services for refined products and petrochemicals.
The plant was purchased for $38.5 million (29 million) and can produce more than 300 million pounds of HPIB a year.
Opened in 2009, the facility features four pressurised spheres for the storage of HPIB and butanes. In addition, more than 450,000 barrels of storage capacity is available for a variety of refined products, and is currently accessible by barge.