Plastics Reclamation Plant Liquidation
Sortation, Grinding, Washing and Starlinger Equipment For Sale
Equipment sold individually
Bids accepted first come, first served basis.
Subject to prior sale.
All offers due by Nov. 7
Click here for pictures and detailed equipment list
Contact David for additional information at 1-630-235-8171
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Sunoco Logistics delays Mariner East 2 pipeline start-up to 3Q 2017 on permitting issues
HOUSTON, November 10, 2016 (PCW) – Sunoco Logistics on Thursday said the start-up of its 275,000 b/d Mariner East 2 pipeline had been delayed to 3Q 2017 from the first half of the year.
Company executives said the Pennsylvania’s Department of Environmental Protection regulatory review is taking longer than expected and the timing needed to secure permits has forced the delay.
The pipeline, which would transport NGLs and other refined products, had an initial start-up date at the end of this year. It was pushed to 1H 2017 in February by Sunoco as the DEP was looking for more information, among others.
Meanwhile, its 70,000 b/d Mariner East I ethane and propane pipeline has seen lower volumes in the third and fourth quarters due to a mechanical issue that was limiting throughput. Company executives said Thursday that maintenance work to correct the issue had occurred between mid-September through the end of October. Throughput for the year is now pegged at 50,000 b/d, compared to the earlier estimates of 70,000 b/d.
In the meantime, the Marcus Hook industrial complex in Pennsylvania, which is the terminating point of the Mariner East lines, has not seen the NGL and LPG cargo cancellations reported by Gulf Coast counterparts. Executives added the Marcus Hook continues to be overnominated each month as shippers are seeing netbacks that are 10 cpg above those out of the Gulf Coast.
Sunoco on Thursday also reported 3Q net income of $154 million, more than double the $56 million seen in 3Q 2015, largely due to increased volumes and sales from its Permian Basin and Marcellus Shale assets. -- Samantha Hartke