Port Bureau Updates

Enterprise to Extend Ethylene Pipeline Network

Enterprise Products Partners L.P. (“Enterprise”) announced in May it is extending its ethylene pipeline and logistics system further into South Texas, a leading growth area for new crackers and ethylene derivative plants. The Baymark ethylene pipeline will originate in the Bayport area of southeast Harris County and extend approximately 90 miles to Markham, Texas in Matagorda County. The pipeline is supported by long-term customer commitments and is scheduled to begin service in the fourth quarter of 2020. The project is a joint venture between Enterprise and Lavaca Pipe Line Company, a subsidiary of Formosa Plastics Corporation, U.S.A. Enterprise will be the majority owner, operator, and commercial manager for the new pipeline.

“The U.S. petrochemical industry is experiencing unprecedented growth with production of ethylene expected to exceed 100 billion pounds per year by 2025,” said A.J. “Jim” Teague, chief executive officer of Enterprise’s general partner. “This growth in the petrochemical sector is creating additional opportunities for Enterprise to grow our midstream petrochemical services. The Baymark Pipeline further extends our petrochemical value chain, providing producing and consuming customers with enhanced access to the largest liquids storage hub in North America at Mont Belvieu, as well as linking them to growing domestic and international markets.”

The Baymark Pipeline will provide access to a high-capacity ethylene storage well Enterprise is repurposing at its Mont Belvieu complex, as well as connectivity to the ethylene export terminal currently under construction at Morgan’s Point. The storage well is expected to be completed in the third quarter of 2019 and will have a capacity of 600 million pounds. The terminal will have the capacity to export approximately 2.2 billion pounds of ethylene per year and is on schedule to begin service in the fourth quarter of 2019.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.

 
Lodestar Energy Group Announces New Multi-Modal Site at Gulf Inland Logistics Park

Lodestar Energy Group (LEG) is developing a new multi-modal site at the Gulf Inland Logistics Park near Dayton, Texas. The logistically-advantaged site will contain two facilities: a rail-served Natural Gas Liquids (NGL) facility and a complementary rail car storage yard.

“This is the perfect time to open both an NGL rail facility and an independent rail car storage facility due to the unprecedented growth in the energy and petrochemical markets,” said Brad Howell, President of Lodestar Energy Group. “The growing supply of natural gas liquids has enhanced the low cost position of U.S. chemical manufacturers, and the resulting derivative production requires a well-positioned rail car storage yard with direct rail access for users to cost-effectively serve their markets.” The facility will receive direct rail carrier service from the BNSF Railway and the Union Pacific Railroad.

The unit train-capable NGL facility, scheduled to open in the second quarter of 2018, will receive and ship purity products such as propane and butane as well as mixed streams. Additionally, the NGL facility will include storage and have pipeline access to the Mont Belvieu industrial complex. Truck loading/unloading in addition to chemical processing and handling capabilities are included in the site master plan.

Lodestar’s rail-served NGL facility will be open to all parties, allowing market flexibility for producers and marketers while providing direct access to a larger number of markets for their products. Due to its advantaged location, the facility can handle unit train volumes without creating additional rail congestion in the Mont Belvieu industrial complex. Further, the ability to receive products from multiple producing regions, will provide valuable sourcing options for customers. The phased construction of the project will allow for shorter contract terms and lower volume commitments when compared to traditional pipeline projects.

 

 

 

 
Exxonmobil Announces $2 Billion Baytown Chemical Expansion Project; Releases Study Showing Value of Investments to U.S. Economy

ExxonMobil will proceed with a $2 billion investment to expand its Baytown, Texas, chemical plant, which will create approximately 2,000 jobs during construction and contribute to the approximate 15 percent return the company expects from its chemical investments.

The Baytown expansion is in addition to the company’s 2017 Growing the Gulf initiative, which outlined plans to build and expand manufacturing facilities along the U.S. Gulf Coast, creating more than 45,000 high-paying jobs across the region.

“Our substantial investments in the United States support ExxonMobil’s long-term growth plans and will result in thousands more high-paying jobs,” said Darren W. Woods, ExxonMobil chairman and chief executive officer. “Through the billions of dollars that we’re investing in the Permian Basin to increase oil production and the expansion at our operations along the Gulf Coast, our company is making significant, lasting contributions to the U.S. economy and the many communities where we operate.”

The expansion, expected to start up in 2022, includes a new Vistamaxx™ performance polymer unit, which produces products that offer higher levels of elasticity, softness and flexibility, attributes that contribute to a reduction in materials used and increased performance in everyday products. The new unit will produce about 400,000 tons of Vistamaxx™ polymers a year. The project will also enable ExxonMobil to enter the linear alpha olefins market.

 
Port Freeport Expands Acreage with Horizon Terminal Services

Port Freeport and partner Horizon Terminal Services (HTS) signed an agreement to add a 20-acre tract to their current lease holdings in order to accommodate additional automobiles and ro/ro cargo.

“Horizon Terminal Services continues to grow because of their innovative approach to a seamless automotive supply chain, a fully integrated technological solution providing total logistics and not the least, a solutions-oriented customer approach. We are pleased to partner with HTS on the expansion and look forward to their continued growth at Port Freeport,” stated Phyllis Saathoff, Port Freeport executive director/CEO.

 
Austin-Based Financial Valuation Services Joins Briggs & Veselka

Briggs & Veselka Co., a leading audit, tax and consulting services firm, has announced the acquisition of Financial Valuation Services (FVS), a firm in Austin.

“This acquisition will provide added depth to our business valuation and litigation support team in Houston and in Austin,” said Briggs & Veselka Co. managing shareholder Sheila Enriquez. FVS has been named to the Texas Lawyer’s Best Hall of Fame for Business Valuation and Financial Consulting.

Through its subsidiary, Pathway Forensics, Briggs & Veselka also provides forensic accounting and digital forensics to the legal market and has received numerous awards for its services from a leading Texas legal publication, including Best Texas-Based End–to-End E-Discovery Provider, Best Texas-Based Forensic Accounting Firm, Texas-Based Computer Forensics Firm, and Best Texas-Based Expert Witness Provider. Pathway recently added a professional in Austin, and now has staff in Houston, The Woodlands, and Austin.

 

 

 
Navin Griffin Promoted to Commander at Sector Houston-Galveston, USCG

Several members of the Lone Star Harbor Safety Committee were on hand to congratulate Navin Griffin as he was promoted from Lieutenant Commander to Commander, Sector Houston Galveston on May 31. CDR Griffin was the prior Chief of Waterways Management and Facilities Division at Sector Houston-Galveston and an avid supporter of the Waterways Utilization subcommittee.

 
 
 
BBC Chartering Appoints Ulrich Ulrichs as CCO

Ulrich Ulrich,
BB Chartering

BBC Chartering, the market-leading operator of multipurpose and heavy lift vessels announced the appointment of Ulrich Ulrichs as chief commercial officer in May.

Ulrichs will head the group’s global commercial business development activities, complementing the existing management team. As part of the group’s future succession planning, Ulrichs will assume the role of CEO after a transition period

Ulrichs is an experienced industry leader with a demonstrated history in international shipping and the proven ability in managing and developing family-owned shipping businesses. Within his 20 year-long tenure in shipping, Ulrichs served AAL and Rickmers in various management positions, and last in the capacity of CEO of Rickmers-Line.

“We are very pleased to welcome Mr. Ulrichs to our team,” said Roelf Briese and Svend Andersen of BBC Chartering. “His addition is an important step to lead BBC Chartering into the future, and to further build the market’s most trusted and highest performing global project carrier.”

 
Wendolynn Montoya Cloonan Appointed to Houston Port Commission

Commissioner Wendy Cloonan

Harris County Commissioners Court has appointed Wendolynn “Wendy” Montoya Cloonan to serve as a member of the Port Commission of the Port of Houston Authority replacing retiring Port Commissioner John D. Kennedy.

“I am pleased to welcome Commissioner Cloonan to the Port Commission and look forward to her leadership,” Port Commission Chairman Ric Campo said. “Her professional expertise and commitment to the community will provide a great benefit as we work together to increase jobs and generate more economic impact to the region through the Houston Ship Channel.”

“I am honored to serve in this capacity,” Mrs. Cloonan said upon her appointment. “I look forward to working with my fellow Port Commissioners, the dedicated professionals at the Port and the larger community, for the betterment of this vital economic engine.”

A native Houstonian, Mrs. Cloonan earned a Bachelor of Arts degree from Yale University, a Master in Public Policy from Harvard University’s Kennedy School of Government, and a law degree with Honors from The University of Texas School of Law.

  • Date July 9, 2019
  • Tags 2019 June