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EPD growing more bullish on ethylene export terminal
HOUSTON, April 28, 2016 (PCW) -– Enterprise Products Partners on Thursday morning said it is “getting some traction” on a potential ethylene export terminal on the Gulf Coast.
The company, which first floated the idea at its analyst day in March, said its senior vice president of petrochemicals and refined products, R.B. Herrscher is particularly bullish on the project, based on the increasing amounts of ethylene that will be produced over the next few years.
“We think the US is going to be exporting ethylene before it’s all said and done,” said CEO Jim Fitterling in an earnings call with analysts Thursday.
EPD executives still did not provide a time frame, capacity or location for such a project.
There is only one ethylene export terminal along the US Gulf Coast, located at Galena Park, Texas. The terminal is jointly operated by Chevron Phillips, ExxonMobil and Mitsubishi and has an export capacity of 660 million lb/yr. -- Samantha Hartke