16 percent butane, with volume boosted by the first export from Phillips 66′ Freeport LPG terminal.
The first ever VLEC (Very Large Ethane Carrier) is on its way to Enterprise Product Partners’ Morgan’s Point terminal – the world’s largest ethane export terminal. The VLEC is expected to arrive in the second week of December with a 48,600 MT cargo, after passing through the Panama Canal.
4) The chart below relates to the IEA’s world energy outlook released last week, highlighting how global gasoline consumption is expected to level off from here, as growing emerging market demand is offset by an increase in electric vehicles. The IEA projects there will be more than 150 million electric vehicles by 2040.
Although petroleum demand in transportation is projected to increase through to 2040, this is to come from the maritime, aviation and freight sectors – and their higher consumption of diesel, fuel oil and jet fuel. The petrochemicals sector is projected to be the leading source of demand growth over the coming decades.
5) Through to 2040, renewable energy is still expected to see the most growth in energy use for heating and electricity, than it is for transportation: