Energy Transfer loads first VLEC under joint venture with Satellite Petrochemical USA Corp.
Published by Nicholas Woodroof,
The Seri Everest, the world’s largest VLEC, departed from Orbit’s newly constructed export facilities at Energy Transfer’s Nederland Terminal in Nederland, Texas, on 17 January 2021, to complete its maiden voyage. The vessel was loaded with more than 911 000 barrels of ethane destined for Satellite’s Lianyungang ethane cracker in northeastern Jiangsu Province, China, the largest single shipment of ethane to date. Its anticipated arrival at Lianyungang Port is mid-February 2021.
Orbit’s export terminal at Nederland, one of only three US ethane export terminals, includes a 1.2 million barrel ethane storage tank and an estimated 180 000 bpd ethane refrigeration facility. Energy Transfer’s Marcus Hook facility in Pennsylvania is also capable of handling VLECs. The combination of the two terminals represent over 50% of the US waterborne export capacity. Under the joint venture with Satellite, Energy Transfer is the operator of Orbit’s assets, which also include a newly constructed 20-in. pipeline originating at Energy Transfer’s fractionation and storage facilities in Mont Belvieu, Texas, for ethane deliveries to the Nederland export terminal as well as domestic markets in the region. In association with Orbit, Energy Transfer also completed its build-out of wholly owned infrastructure at Mont Belvieu to supply ethane to Orbit’s pipeline, and at Nederland to load the ethane onto VLECs. Under separate agreements, Energy Transfer will provide Satellite with approximately 150 000 bpd of ethane under a long-term, demand-based agreement, along with storage and marketing services.
Energy Transfer (via Sunoco Logistics) was the first company to export ethane out of the US by pipeline. Its Mariner West pipeline first transported ethane to Canada in January of 2013. Energy Transfer was also the first to export ethane out of the US via ship in March of 2016 from its Marcus Hook Terminal in Pennsylvania.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/19012021/energy-transfer-loads-first-vlec-under-joint-venture-with-satellite-petrochemical-usa-corp/
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