On the 2nd September, INEOS and Enterprise Products Partners L.P. loaded the first cargo of ethane to be exported from Enterprise’s Morgan’s Point, Texas terminal, and the INEOS Intrepid set sail on route to the INEOS facility at Rafnes in Norway.
The INEOS Intrepid is the first ship to export ethane out of Marcus Hook near Philadelphia in March as well as the new Morgan’s Point terminal on the Gulf Coast. “This is another significant development for INEOS Olefins & Polymers as it secures additional ethane from the USA. It complements our needs for competitive raw materials for our European cracker complexes,” said David Thompson CEO of INEOS Trading and Shipping.
The investment in the terminal by Enterprise will help to secure the growing international demand for supplies of US ethane from shale, which offers diversification and a competitive raw material for the global petrochemical industry. By providing US ethane producers with access to the international markets, the Morgan’s Point terminal is also facilitating continued development of US energy reserves.