The ethylene export terminal at Morgan’s Point in Texas, which is owned by US midstream energy company Enterprise Product Services jointly with Navigator Holdings, is the world’s first global hub for ethylene, according to A.J. ‘Jim’ Teague, co-chief executive officer of Enterprise’s general partner.
The terminal has exceeded its design interim loading capacity and will ramp up ethylene exports to more than 79,000 tonnes for the month of June. Enterprise says that the terminal is currently loading a record-sized ethylene cargo of 20,000 tonnes on the ship the Navigator Eclipse.
Enterprise and Navigator expect to complete a new aboveground ethylene storage tank by the end of 2020, which will take the terminal’s capacity to 998,000 tonnes per year. The partners will also complete three additional ethylene pipeline connections to its ethylene storage hub, which supplies the marine terminal, and is currently connected to four ethylene pipeline systems. Once completed, the seven connections will mean that the terminal is connected to the majority of ethylene production capacity in Texas.
‘To meet the growing demand for petrochemical products, Enterprise built the world’s first fully open access global hub for polymer grade propylene; now, we have developed the first global hub for ethylene. These hubs are transforming how ethylene and propylene markets transact and will create a true marketplace for the world’s primary petrochemical producers, consumers and traders. These hubs provide the essentials for an efficient market: reliable supplies, price transparency and access to domestic and global markets,’ says Teague.