Enterprise Joins The Alliance to End Plastic Waste
December 10 2020 - 2:32PM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced it
has become a member of The Alliance to End Plastic Waste, an
international community of CEOs from across the plastic value chain
who are committed to addressing the global plastic waste challenge.
Formed in 2019, the alliance partners with a diverse and growing
network of organizations, technical leaders, engineers and
scientists, all dedicated to the goal of ending plastic waste. To
achieve this goal, the alliance focuses on four strategic areas:
infrastructure, innovation, education and clean up.
“From medical supplies, including PPE to fight COVID-19, to food
packaging and electronics, plastics have transformed the world,
while improving the health and quality of life for people around
the globe, particularly those in developing nations,” said A.J.
“Jim” Teague, co-chief executive officer of Enterprise’s general
partner. “As a vital midstream link in the plastic value chain,
Enterprise recognizes its responsibility to balance the benefits of
these products that are essential to our daily lives, with
minimizing their impact to the environment. We are honored to join
with other members of the alliance who share that same vision and
commitment.”
Bob Patel, CEO of LyondellBasell and vice chairman of The
Alliance to End Plastic Waste, stated, “We are very pleased to
welcome Enterprise as the first member from the midstream sector.
When we formed the Alliance in 2019, our vision was to create an
organization that included voices and perspectives from across the
value chain. Enterprise’s petrochemical expertise and proven
commitment to protecting the environment and a sustainable future
complements our mission extremely well.”
“It is with great pleasure that we welcome Enterprise to join
our membership ranks,” said Jacob Duer, President and CEO, Alliance
to End Plastic Waste. With their unique expertise and technical
know-how, we are confident that Enterprise will be an invaluable
partner in our mission to end plastic waste in the environment.
Together with all our member companies and allies, we look forward
to unlocking innovative solutions that will bring us closer to our
2025 ambition of diverting millions of tons of plastic waste in
more than 100 at-risk cities across the globe.”
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Our
services include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and export and import terminals; crude oil gathering,
transportation, storage and export and import terminals;
petrochemical and refined products transportation, storage, export
and import terminals and related services; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems. The partnership’s
assets include approximately 50,000 miles of pipelines; 260 million
barrels of storage capacity for NGLs, crude oil, refined products
and petrochemicals; and 14 Bcf of natural gas storage capacity.
Please visit www.enterpriseproducts.com for more information.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related
thereto will be greater than expected, the impact of competition,
and other risk factors included in Enterprise’s reports filed with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Except as required by law, Enterprise
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20201210006011/en/
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866)
230-0745 Rick Rainey, Media Relations (713) 381-3635
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