The ethylene export terminal, located at our Morgan’s Point facility on the Houston Ship Channel, features two docks and the capacity to load 2.2 billion pounds of ethylene per year. A refrigerated storage tank for 66 million pounds of ethylene is being constructed on-site that will allow the terminal to load ethylene up to a rate of 2.2 million pounds per hour. Full commercial operations at the terminal are expected in the fourth quarter of 2020 once certain refrigeration assets are complete. We own a 50% member interest in Enterprise Navigator Ethylene Terminal LLC, which owns the export facility.
Our ethylene system is being developed to serve as an open market storage and trading hub for the ethylene industry using storage capacity, connections to multiple ethylene pipelines, and high-volume export capabilities. In support of our ethylene business, we operate a 600 million pound underground ethylene storage well at our Mont Belvieu complex. The storage well is connected to our Morgan’s Point ethylene export terminal by a 16-mile pipeline.