Caliche Development to Expand Beaumont Storage Facility
OAKHURST, N.J. (DTN) --- Caliche Development Partners today announced plans
to expand its natural gas liquids salt dome cavern storage facility in
Beaumont, Texas. The expansion will include a new five-million barrel cavern
for ethane storage, with up to 120,000 bpd of deliverability as well as a
12-mile ethane header mirroring the path of Caliche's existing ethylene system.
Caliche said the header will cross five ethane pipelines connecting more
than 50% of Gulf Coast ethane consumption with the Mont Belvieu NGL complex.
Caliche expects its previously announced ethylene cavern to be fully subscribed
by its Sept. 30 in-service date and continues to respond to customer interest
regarding additional cavern development.
When fully developed, Caliche's Coastal Cavern storage facility could
provide up to 32 million bbl of purpose-built, salt cavern storage facilities.
"We are excited to serve Gulf Coast olefins producers as an important part
of their supply chain, without marketing or taking positions in NGLs," said
Dave Marchese, CEO of Caliche. "The ongoing expansion of Coastal Caverns is
supported by our partner, Energy Spectrum Capital."
Houston-based Caliche Development Partners is focused on the acquisition,
development, construction, ownership and operation of subsurface hydrocarbon
storage assets and related pipelines in North America, with a primary focus on
the U.S. Gulf Coast.
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