Ethane Pipeline Income Fund (EPX)

Shares / Stock Code

EPX

Stock Exchange / Sharemarket

Australian Securities Exchange

Ethane Pipeline Income Fund (EPX) is a pipeline infrastructure fund. The underlying core asset is the 1,375km high pressure ethane pipeline, which was purpose built to transport ethane from the gas processing facility in Moomba in South Australia to Sydney, NSW. Ethane is supplied to Qenos, Australia's sole producer of polyethylene. Qenos holds over 50% market share of the Australian polyethylene market. EPX is headquartered in Sydney, Australia.

In April 2008, Mariner Financial Limited announced the sale of its remaining units in the Mariner Pipeline Income Fund to APA Group. The manger of the Fund is APA Group.

The performance of the fund and its ability to pay distributions is reliant on the performance of a single asset, the pipeline. The fund's only significant source of revenue is from transporting ethane through the pipeline. Currently the only commercially viable source of ethane available to the Botany Plant is from the Moomba Facility via the pipeline.

EPX's major shareholders/customers include institutional and retail investors. EPX competes with other investment companies and funds that provide a similar risk and return profile.

Ethane Pipeline Income Fund History

EPX (formerly Mariner Pipeline Income Fund) listed on the ASX in September 2006. In December 2008 Mariner Securities Limited was replaced by APA Ethane Limited, as responsible entity of the fund that comprised Mariner Pipeline Income Trust and Mariner Pipeline Income Financing Trust. The name of the fund changed to Ethane Pipeline Income Fund, and the two trusts were renamed as Ethane Pipeline Income Trust and Ethane Pipeline Income Financing Trust. The ASX code was also changed from MIT to EPX.

Ethane Pipeline Income Fund (EPX) Products and Services

  • Invests in pipeline infrastructure

Ethane Pipeline Income Fund (EPX) Locations and Subsidiaries

Ethane Pipeline Income Fund Head Office
Level 19, HSBC Building, 580 George Street,
SYDNEY, NSW 2000
Phone: (02) 9693 0000
Fax: (02) 9693 0093

Ethane Pipeline Income Fund (EPX) Share Price

Submitted by ASX Listed Company on 14 April, 2010 - 21:05

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