Enterprise Products Partners Outbid in Action for Houston Terminal
06.23.2010 - NEWS
June 22, 2010 [OPIS] - Enterprise Products Operating LLC was outbid in a bankruptcy auction that offered Bigler's petchemical terminal assets on the Houston Ship Channel late last week, a Bigler official told OPIS on Tuesday.

Industry sources said that Enterprise, a major LPG player in the U.S., was interested to buy those petrochemical terminals for LPG storage.
Enterprise, which owns TEPPCO crude and oil products pipeline system, could also have plans to convert the assets to store crude and oil products, but that was deemed less likely than LPG.
An Enterprise spokesman was unavailable for comment last week.
The Bigler terminals were sold for $38 million to Amegy Bank, which is expected to resell the assets.
These terminals were used mostly for petrochemicals, with some tanks for LPG storage.
Enterprise’s bid at $32 million would remain the back-up bid to the winning bid.
Intercontinental Terminals Company (ITC), a petrochemical terminal owner, was the winner of Bigler’s land assets at $20.5 million. It is likely that the land would be used for construction of new petrochemical and oil tanks.
ITC currently has a capacity of 10.7 million bbl in 215 tanks storing petrochemicals, fuel oil, bunker and distillates.
ITC outbid Vopak Terminals North America, which submitted a $7.76 million bid.

Oman Signs 10-Year LNG Supply Deal with Shell
04.17.2024 - NEWS
April 17, 2024 [Microsoft Start]- Oman LNG has signed a 10-year liquefied natural gas supply agre... Read More
Neuman & Esser to Build Green Hydrogen Plant in Chile
04.17.2024 - NEWS
April 17, 2024 [Gas Compression Magazine]- Neuman & Esser was awarded a contract from Empresa... Read More
Engie Buys Two Dutch Biogas Sites, Hunts for More
04.17.2024 - NEWS
April 17, 2024 [Reuters]- French energy company EngieĀ (ENGIE.PA), opens new tabĀ has acquired tw... Read More
Shell Named NanoVapor as Best Technology to Make a Tank Safe
04.17.2024 - NEWS
April 17, 2024 [Storage Terminals Magazine]- Shell Retail Engineering Network has recently implem... Read More