Enterprise acquires ethylene storage business from NOVA Chemicals

HOUSTON — A subsidiary of Enterprise Products Partners LP has acquired a wholly owned subsidiary of NOVA Chemicals Corp. that operates an ethylene storage business and trading hub in Mont Belvieu, Texas. NOVA Chemicals will be a longterm storage customer in the Enterprise system.

“The acquisition, which gives Enterprise ownership of the largest ethylene market hub in Texas since it was established in 2001, will complement Enterprise’s own growing ethylene network in the region,” said Chris D’Anna, senior vice president — petrochemicals of Enterprise’s general partner.

For more information, visit www.enterpriseproducts.com or www.novachem.com.