Caliche to develop US NGL, olefin storage in Beaumont

01 November 2017 21:27 Source:ICIS News

HOUSTON (ICIS)--Caliche Development Partners announced on Wednesday that it will develop 32m bbl of natural gas liquids (NGL) and olefin storage at its site in Beaumont, Texas.

The company expects to start service on the first phase of 5m bbl storage by the third quarter of 2018 but did not state when the total storage will be operational.

“Caliche will continue to be developed as market conditions support the demand for additional NGL product storage,” a representative for the company said in an email to ICIS.

Caliche’s facility is located on the historic Spindletop Dome, site of the 1910 gusher that ushered in a new era of US oil production.

By Steven McGinn