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World's largest ethane facility ships first export from Port of HoustonWorld's largest ethane facility ships first export from Port of Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=144162016-09-06T05:00:00Z

​HOUSTON - Enterprise Products Partners LP announced that the M/V JS INEOS Intrepid had set sail with the first ethane export out of the company's newest terminal at Morgan's Point.

The terminal is the largest of its kind in the world and has been in the works since 2014.

By the end of the year, the facility could be exporting roughly 1.9 million barrels per month. Ethane is largely used in the petrochemical field to create plastics and chemicals.

In Enterprise’s 2Q 2016 earnings report, the company said it expects $1.4 billion of projects—including the ethane export facility on the Houston Ship Channel—to be completed by the end of this year.

Enterprise is the Houston area's fifth-largest publicly traded company, based on its 2015 revenue of $27.03 billion.

The Port of Houston contributes to more than 1 million jobs throughout the Lone Star State, according to the port’s website. 

The port’s activity helped generate more than $178.5 billion in statewide economic impact. 

It’s the No. 1 port in the U.S. for imports and for export tonnage.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Industrial
http://www.bizjournals.com/houston/news/2016/09/02/worlds-largest-ethane-facility-ships-first-export.htmlRead more at the {Source}

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