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.