November 30, 2010 [Business Wire] - Enterprise Products Partners L.P. today announced the addition of approximately 2 million barrels of new underground storage capacity for motor gasoline and distillates at Mont Belvieu, Texas as part of a comprehensive program to enhance the service capabilities across the partnership's refined products network.
With the completion of this storage project and other recently constructed facilities such as the Port Arthur, Texas terminal, Enterprise now offers approximately 10 million barrels of refined products storage capacity in the Gulf Coast area. The partnership has significantly enhanced flexibility for customers who will now have access to major interstate and intrastate refined products pipelines originating in the Houston area and along the Houston Ship Channel, including the Enterprise TE Products, Centennial, Colonial, Explorer and MagTex systems.
In addition to providing incremental storage capacity, Enterprise also made improvements to its network of terminals to improve and expand service options. For instance, ethanol-handling capabilities have been added to the Lebanon, Ohio terminal and the recently reactivated facility in North Little Rock, Arkansas, in addition to their ability to handle low sulfur and ultra-low sulfur diesel, as well as regular unleaded gasoline. The addition of ethanol-blending will promote greater efficiency for customers by providing them with access to a wider array of services at a these locations.
Logistical and operational improvements to Enterprise’s Lebanon terminal have included four new truck bays, which are expected to ease congestion and nearly double truck loading capacity. The addition of ethanol blending capabilities at this facility will allow Enterprise to facilitate a variety of gasoline blends.
A.J. “Jim” Teague, Enterprise executive vice president and chief operating officer noted, “The enhancements at our terminals are consistent with Enterprise’s plan to expand and improve the services we provide to our refined products customers. Since acquiring the TEPPCO system, Enterprise has embarked on a program to upgrade the system’s flexibility by expanding connectivity to supplies and markets, increasing storage capacity and adding new services. We believe this integrated approach and a wider reach creates attractive marketing opportunities to package services around our assets, adding value for Enterprise and our customers.”
In addition to the North Little Rock and Lebanon projects, Enterprise continues to evaluate other opportunities to enhance the capabilities of its refined products system by leveraging the potential of its other terminals strategically located in North Houston, Shreveport, Louisiana, Cape Girardeau, Missouri, and Princeton, Indiana. The partnership’s Boligee, Alabama and Aberdeen, Mississippi terminals, which provide river access, offer customers yet another dimension of flexibility and additional marketing opportunities.
The refined products storage cavern that was added at the Mont Belvieu storage complex resulted from the conversion of an existing cavern that had been in natural gas liquid service. This storage facility is owned 66 percent by Duncan Energy Partners L.P. and 34 percent by Enterprise Products Partners L.P.