Tuesday, Enterprise Products Partners LP announced they will extend its ethylene pipeline and logistics system further into South Texas.
The new Baymark ethylene pipeline will extend approximately 90 miles from Bayport area into southeast Harris County to Matagorda County.
“The U.S. petrochemical industry is experiencing unprecedented growth with production of ethylene expected to exceed 100 billion pounds per year by 2025,” A.J. “Jim” Teague, CEO of Enterprise’s general partner, said in a company statement. “This growth in the petrochemical sector is creating additional opportunities for Enterprise to grow our midstream petrochemical services.”
Approximate completion during the third quarter of this year, the storage well will boast 600 million pound capacity which will be able to export roughly 2.2 billion pounds of ethylene per year according to Enterprise Reports.
Anticipation for the Baymark Pipeline going into service is during 4th quarter of 2020.
This will be a huge extension that will provide access to high-capacity ethylene storage wells that the company is re-purposing.
The Baymark Pipeline will provide “producing and consuming customers with enhanced access to the largest liquids storage hub in North America at Mont Belvieu, as well as linking them to growing domestic and international markets,” said Teague.
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