HOUSTON—Enterprise Products Partners LP announced July 14 that it has successfully loaded combination cargoes of NGL and olefins on the same vessel.
During the month of July, Enterprise completed the simultaneous loading of propane and polymer grade propylene into separate compartments on a Very Large Gas Carrier (VLGC) at the Enterprise Houston Ship Channel terminal, as well as the simultaneous loading of ethane and ethylene on a vessel at its Morgan’s Point facility. Both vessels were the first export cargoes of their kind from the U.S. Co-loading olefins on larger vessels with NGLs allows for more efficient use of available export dock capacity, while also providing significant freight benefits to petrochemical export customers.
“This landmark accomplishment was made possible by our integrated midstream network, as well as the creativity and determination of our employees,” said A.J. “Jim” Teague, co-CEO of Enterprise’s general partner. “Loading ethylene and propylene on larger vessels from the U.S. Gulf Coast substantially lowers freight costs and allows U.S. Gulf Coast producers to supply distant markets, such as Asia, more competitively. Enterprise continues to apply its proven midstream model to petrochemicals. Our reliable midstream services, including pipeline transportation, storage, processing, and exports, provide flexibility and reliability to our petrochemical customers so they can focus on their unique competitive advantages.”
Recommended Reading
VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
2024-09-24 - VTX Energy’s founder was previously among the leadership that built and sold an adjacent southern Delaware operator, Brigham Resources, for $2.6 billion.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-10-04 - The oil and gas rig count fell by two to 585 in the week to Oct. 4.
EY: How AI Can Transform Subsurface Operations
2024-10-10 - The inherent complexity of subsurface data and the need to make swift decisions demands a tailored approach.
Bowman Consulting to Manage, Monitor Delaware Basin Wells
2024-10-14 - Bowman Consulting Group’s scope of work includes conducting detailed field surveys of above-ground infrastructure assets across well sites of up to to 8 acres.
E&P Highlights: Oct. 7, 2024
2024-10-07 - Here’s a roundup of the latest E&P headlines, including a major announcement from BP and large contracts in the Middle East.