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NOVA Chemicals, Energy Transfer announce ethylene export terminal
HOUSTON, March 22, 2018 (PCW) –- NOVA Chemicals and Energy Transfer on Thursday announced they had entered into a non-binding memorandum of understanding to jointly develop an ethylene export terminal along the US Gulf Coast.
The proposed terminal is expected to have a capacity of 1.8 billion lbs/yr with an expected start-up in mid-2020.
The terminal would connect the ETP’s Lone Star storage facility at Mont Belvieu, where the NOVA Ethylene Hub operates, and the Louisiana ethylene market to the export facility via existing pipelines that are already approved for ethylene transportation.
The companies did not disclose a specific location for the proposed terminal. Energy Transfer has an existing NGL and refined products terminal in Nederland, Texas. Last April, NOVA acquired the Geismar olefins plant in Louisiana from Williams, along with some 525 acres of undeveloped land adjacent to the plant, which was believed to be earmarked for new derivatives units going forward.
The NOVA/ETP project isn’t the only ethylene export proposal on the cards. In late Jan, Enterprise Products Partners and Navigator Gas said they would jointly develop an ethylene export terminal, also along the US Gulf Coast. The facility would have a capacity of 1 million mt/yr (2.2 billion lbs/yr) and is expected to be in service by 1Q 2020. The projected is anchored by agreements with Flint Hills Resources and a major Japanese trading company. -- Samantha Hartke