Enterprise Products Partners L.P. announced that it plans to build a fully refrigerated ethane export facility on the Texas Gulf Coast. Enterprise has executed long-term contracts to support the development of the facility, which is designed to have an aggregate loading rate of approximately 10,000 barrels per hour, or up to 240 thousand barrels per day ('MBPD'). The export facility is expected to begin operations in the third quarter of 2016.

'We are pleased to announce the successful development of our fully refrigerated ethane export facility, which will be the largest in the world,' said Michael A. Creel, chief executive officer of Enterprise's general partner. 'We continue to receive strong interest from the international community for this project and are having ongoing discussions with other potential customers that could result in our contracting the remaining capacity of the facility.'

Tags: Enterprise Products Partners L.P.