November 2010 Vol. 237 No. 11

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Enterprise Expands Petrochemicals Network with Purchase of Isobutylene Facility

Enterprise Products Partners L.P. announced Nov. 19 that it has acquired out of bankruptcy a Houston Ship Channel facility previously owned by Bigler LP that produces high-purity isobutylene (HPIB) and provides terminal services for refined products and petrochemicals. The plant, which was purchased for $38.5 million, 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. Part of a 250-acre complex, the facility offers access to multiple transportation options, including marine, rail, truck and pipelines. “This

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