TSG Global Holdings (TSG) has announced its strategic partnership with American Ethane and Amshale, for the marketing and sale of ethane. TSG-American Ethane-Amshale will also spearhead the engineering, procurement, construction (EPC) and ownership of infrastructure for the receipt, delivery and utilization of ethane in select markets around the world. Delivery of Ethane will be provided by the new state-of-the-art chilling and export facility located on the US Gulf Coast in Port Arthur, Texas - the Nederland Terminal.
The innovators at American Ethane have spent their lifetimes seeking solutions in the energy sector, and along with TSG, are committed to providing a new, cleaner, more efficient and affordable alternative to energy consumers who are currently challenged to find cost-effective sources of primary energy.
Once the world’s premier ethane export terminal is complete, we will have an annual capacity of 10 million metric tons. Our facility on the Gulf Coast, will allow us to ship liquefied ethane using both VLGC and MGC-sized vessels to key Caribbean, Atlantic and Pacific energy basin markets. Currently, significant interest has been expressed in China, Thailand and the Caribbean, and long-term supply contracts are currently under negotiation and being finalized.
ABOUT AMERICAN ETHANE
Headquartered in Houston, American Ethane is building a state-of-the-art chilling and exports facility with access to the Port of New Orleans on the U.S. Gulf Coast that will be able to provide ethane to clients around the world.
Clean-burning ethane will no longer be the industry’s forgotten fuel. It is the energy sector’s Next Fuel. Ethane can be the smart, cost-effective and a primary fuel for clients located in areas not served by natural gas lines. Ethane reduces global warming by burning up to 80 percent fewer emissions than heavy fuel oils and coal. And ethane has a higher heating value than natural gas, is less expensive than propane.
After methane, ethane is the second-largest component of natural gas. A typical barrel of natural gas is 40 to 45 percent ethane. Its value went unrecognized for many years. Up until the 1960s, ethane was simply burned along with methane and other natural gas components in the fuel stream, a process known as “rejection.”
Later, ethane’s value as a feedstock for ethylene production became known, and gas fields began separating ethane from the fuel stream.
Ethane has a higher heat value than propane, it is cost-effective, it burns with 80 percent fewer emissions than heavy oils and coal and – most notably – there’s a lot more of it today, thanks to the shale gas boom. Ethane’s time has come – it is the Next Fuel.