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Caliche Development to Expand Beaumont Storage Facility
6/21 9:31 AM
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. (c) 2018 DTN. All rights reserved.