US-based Enterprise Products Partners has bought a 65-acre waterfront site on the Houston Ship Channel to facilitate its next phase of expansion at Enterprise Hydrocarbon Terminal (EHT) situated on the channel.
The new site is situated to the east of EHT and comprises two docks and dredging infrastructure that will be used for maintenance and expansion of the dock.
It also features land areas that can be used to significantly expand Enterprise’s marine terminaling capabilities.
Enterprise also plans to build at least two deepwater docks at the newly acquired site to accommodate Suezmax vessels.
The site, along with the EHT complex, forms part of Enterprise’s Gulf Coast network of marine terminals that includes 18 ship docks and eight barge docks.
The company’s Gulf Coast infrastructure system also features access to about 125 pipelines, 400 million barrels of storage and every refinery in Houston, Beaumont, Port Arthur and Texas City region in the US, accounting for more than four million barrels per day of capacity.
Enterprise Products Partners general partner CEO AJ Jim Teague said: “As one of the last waterfront properties for sale adjacent to our existing ship channel assets, this strategic acquisition complements our world-class EHT marine terminal and strengthens our position as an industry leader in providing waterborne access.
“The growth opportunities available at the 65-acre site enhance our ability to accommodate growing US hydrocarbon production, which is increasingly destined for global markets.”
Equipped with seven deep-water ship docks and two barge docks, the terminal can currently handle vessels with up to a 45ft draft, including Suezmax tankers, the largest tankers that can navigate the Houston Ship Channel.
EHT primarily offers terminaling services to major integrated oil companies, exporters, marketers, distributors and chemical companies.