Enterprise Products Partners LP has purchased Martin Midstream Partners LP’s Mont Belvieu rail and truck terminal facilities.Financial details of the agreement with Kilgore-based Martin Midstream were not disclosed.
The acquisition allows the Houston midstream energy company to offload, store and transport refinery grade propylene from rail cars for use at its Mont Belvieu propylene/propane and natural gas liquids fractionation complex.
As part of the deal, Enterprise (NYSE: EPD) has acquired infrastructure to load propane for sale to local distributors.
Also included in the purchase are storage facilities that can accommodate up to 85 rail cars, allowing Enterprise to double its capacity going into Mont Belvieu. For more information see: www.houstonrealtyadvisors.com
Ed A. Ayres
Houston Realty Advisors, Inc.
About Me
- ed@houstonrealtyadvisors.net
- Houston, Texas, United States
- www.houstonrealtyadvisors.com Houston Realty Advisors was founded in 1985 and has served the Houston commerical real estate market for over 20 years. We cater to your needs whether you desire to rent, lease, or own commercial real estate in Houston, Texas. HRA's extensive knowledge of the Greater Houston Area and surrounding areas provides an unmatched quality of service just for you and your needs. At HRA, we have office options at many different locations throughout Houston. We are unique in that we provide your business with the exact professional office space you need. Houston's Leading Office Space Leasing Company. We offer services in Houston, Texas for office space for lease, tenant represenation, consulting, build to suit office space, retail space, industrial space and project management. We serve the Greater Houston Areas such as Downtown Houston, Galleria, Greenway Plaza, Houston Medical Center, Westchase, Energy Corridor, Clear Lake, Greenspoint, Woodlands and many more. We have listings for lease purchase properties, tenant representative office to share and office sublease in Houston, Texas. www.houstonrealtyadvisors.net
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