Enterprise Products Partners has firmed plans to construct a 240,000 bpd ethane export facility on the Texas Gulf Coast. Enterprise noted that depressed ethane prices are providing little incentive for capital expenditures on gas-processing plants, but said the export facility will help facilitate additional growth in NGL production.
The capital expenditure for moving and cracking US ethane into Northwest Europe has been another big question mark for many analysts, but Enterprise said returns on a European cracker conversion are very favorable at current price levels.
05-May-14 
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