20 BULKDISTRIBUTOR Ports & Storage May / June 2018
20 BULKDISTRIBUTOR Ports & Storage May / June 2018
Gulf Coast ethylene export plan
Nova Chemicals Corporation subsidiary , Nova Chemicals Olefins LLC , and a subsidiary of Energy Transfer Partners , Sunoco Partners Marketing & Terminals , have entered into a non-binding MoU for a potential joint venture ethylene export terminal on the US Gulf Coast . The parties are seeking market commitment for an anticipated start-up of the terminal by mid-2020 . The terminal is expected to have the capability to export 800 kta ( 1.8 billion pounds ) a year of ethylene to the global market . “ An ethylene export terminal builds on Nova ’ s leadership in the continually expanding North American ethylene industry ,” explained Naushad Jamani , Nova ’ s senior vice president , olefins & feedstock . “ Together with the 2017 acquisition of our interest in the Geismar , Louisiana Olefins facility and our recently announced proposed joint venture in Texas with Total and Borealis , this project would extend our presence in the Gulf Coast .” The project would connect the Lone Star NGL Mont Belvieu storage facility at Mont Belvieu , Texas , where the Nova Ethylene Hub operates , and the Louisiana ethylene market to the export facility via existing pipelines already approved for ethylene transport . The project would provide significant value by linking low cost Gulf Coast ethylene production to derivative plants around the world . The Nova Ethylene Hub is the primary transaction point for the purchase and sale of ethylene in the Gulf Coast region and is operated by Nova under a long-term lease from Lone Star , which is an affiliate of SPMT . The hub would provide an active ethylene source for delivery to the export facility by both physical transfer and exchange . The proposed joint venture is subject to sufficient market interest and customary conditions and approvals .
The project would connect the Lone Star NGL Mont Belvieu storage facility , where the Nova Ethylene Hub operates , and the Louisiana ethylene market to the export facility via existing pipelines
Animal feed deal for Peel Ports
Global animal feed trader ADM Arkady has signed a long term contract with THE UK ’ s Peel Ports Group . Part of the Archer Daniels Midland Company – one of the world ’ s largest agricultural processors and food ingredient providers - ADM Arkady will partner with Peel Ports to develop its Glasgow port facilities and significantly expand its northern hub operations in Liverpool . The contract will enable ADM Arkady to consolidate its regional imports , serving its North of England and Scotland markets and could see a combined throughput of 1 million tonnes of animal feed imports each year . Mark Whitworth , CEO Peel Ports Group , said : “ Our long-term agreement with ADM Arkady is a welcome boost to operations in Glasgow and Liverpool . We are in the process of finalising plans for the storage and distribution facilities to accommodate ADM Arkady ’ s business model . “ With strategic port locations in the north of England and Scotland we are in a unique position to work with ADM Arkady as it continues its growth in the UK , helping create an efficient , more cost-effective supply chain for its products and customers .” The contract with ADM Arkady will replace a previous contract with Cefetra Limited to handle its agribulk operations out of Glasgow . Following a comprehensive review , Peel Ports and Cefetra came to a mutual agreement not to renew their contracts at KGV in Glasgow .
More KM tanks in Canada
K
inder Morgan Canada completed two additional storage tanks at its Base Line Terminal , near Edmonton , Alberta , in March . The two tanks increase crude oil storage capacity by 800,000 barrels . The facility in Sherwood Park began service in January with four other tanks and storage capacity for 1.6 million barrels . The terminal is a 50-50 joint venture with Keyera . When completed , the facility will provide a total of 4.8 million barrels of crude storage and will include 12 tanks , all of which are fully contracted . The remaining six tanks are to be constructed in the third and fourth quarters of 2018 .
WWW . BLUEPACK . DK