Enterprise Products says its China exports could fall due to license requirement
HOUSTON, May 29 (Reuters) - Enterprise Products Partners (EPD.N), opens new tab on Thursday said its ethane and butane exports could be hurt by a U.S. Department of Commerce requirement that it apply for a license to export to China.
The United States has ordered a broad swathe of companies to stop shipping goods, including ethane and butane, to China without a license and revoked licenses already granted to certain suppliers, Reuters reported on Wednesday.
Enterprise, which owns and operates marine export terminals that handle ethane and butane, said in a regulatory filing it was evaluating its procedures and internal controls and could not determine if it will be able to obtain a license.
Enterprise's marine export terminal on the Houston ship channel loaded about 213,000 barrels per day of ethane in 2024, of which about 85,000 BPD, or 40%, were exported to Chinese markets, Enterprise said.
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