Marubeni’s First Shipment of U.S.-Produced Liquified Ethylene
Marubeni Corporation (hereinafter, “Marubeni”), hereby announces that on January 2nd, it exported its first shipment of U.S.-produced liquified ethylene through Enterprise Navigator Ethylene Terminal LLC.
Enterprise Products Partners L.P. (hereinafter, “Enterprise”), which is the biggest energy midstream provider in the United States, owns 50% of the shares of Enterprise Navigator Ethylene Terminal LLC.
This project is the result of export service agreements made between Enterprise and Marubeni, and a United
States-based ethylene producer respectively.
Marubeni’s role in this project is to provide the adjustment function of ethylene supply-demand balance to the
global market through a seaborne logistics service arranged by Marubeni.
By having the export service agreement with Enterprise and handling U.S.-produced ethylene, Marubeni can provide ethylene more flexibly to consumers and areas where ethylene is in short supply, thus improving customer satisfaction.
https://www.marubeni.com/en/news/2020/release/20200109E.pdf#1578495600