Enterprise Acquires Isobutylene Plant in Texas

摘要

Enterprise Products Partners (Houston) says it has acquired a high- purity isobutylene (HPIB) plant along the Houston Ship Channel in Pasadena, TX from bankrupt manufacturer and terminal operator Bigler LP (Houston) for $38.5 million. The HPIB plant has capacity of about 300 million lbs/year, a substantial portion of which is under contract, Enterprise says. Bigler started up the plant in March 2009 in “coordinationwith” BASF. HPIB is used in the manufacture of tires, lubricants, and other petroleum-based products. “This acquisition complements our existing natural gas liquids, petrochemical services and refined products businesses and is a natural extension of our nearby Mont Belvieu operations, which will provide the raw materials for the plant,” says Michael Creel, Enterprise president and CEO. The HPIB is also located near Enterprise’s natural gas liquids pipelines. “The integration of this facility will extend our value chain in the butane/isobutylene market and broaden the products and services offered by our petro- chemical services business. With a substantial amount of acreage still undeveloped, and improved access to Enterprise’s integrated network of energy assets, the complex offers potential growth opportunities for the petrochemicals group, as well as other business units within the partnership,” Enterprise says.