The plant, which was purchased for $38.5m, has the capability to produce more than 300 million pounds of HPIB annually, a substantial portion of which is under contract.
HPIB is used in the manufacturing of tires, lubricants and other petroleum-based products.
The facility offers access to multiple transportation options, including marine, rail, truck and pipelines, which is part of a 250-acre complex.
Enterprise president and CEO Michael Creel said that this acquisition complements the company’s existing natural gas liquids, petrochemical services and refined products businesses and is a natural extension of its nearby Mont Belvieu operations, which will provide the raw materials for the plant.
Opened in 2009, the facility features four pressurized spheres for the storage of HPIB and butanes.
Additionally, more than 450,000 barrels of storage capacity is available for a variety of refined products, and is currently accessible by barge.
