Enterprise Begins Construction of Tenth NGL Fractionator in Mont Belvieu Area
September 05 2018 - 7:30AM
Business Wire
Enterprise Products Partners L.P. (NYSE: EPD) today announced it
has begun construction of a new natural gas liquids (“NGL”)
fractionator adjacent to its Mont Belvieu, Texas complex. The new
unit will have a nameplate capacity of 150,000 barrels per day
(“BPD”), giving Enterprise 905,000 BPD of fractionation capability
in the Mont Belvieu area, and approximately 1.4 million BPD
companywide. The fractionator is scheduled to begin service in the
first quarter of 2020.
“The addition of our newest fractionator will facilitate
continued NGL production growth, including from the Permian Basin
where NGL volumes are expected to more than double over the next
four years,” said A.J. “Jim” Teague, chief executive officer of
Enterprise’s general partner. “This new fractionator will supply
NGL products for the expanding petrochemical industry on the U.S.
Gulf Coast as well as growing global demand for NGLs.”
Teague added that the Permian Basin and the Eagle Ford account
for approximately 70 percent of the domestic growth in NGLs. The
new fractionator is supported by long-term customer agreements.
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 import and export terminals; crude oil gathering,
transportation, storage and terminals; petrochemical and refined
products transportation, storage and terminals; 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 billion cubic feet of natural gas
storage capacity.
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 Products Partners L.P. expects, believes, or anticipates
will or may occur in the future, including anticipated benefits and
other aspects of such activities, events, developments or
transactions, are forward-looking statements. These forward-looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially, 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 the
reports filed with the Securities and Exchange Commission by
Enterprise Products Partners L.P. 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
Products Partners L.P. does not intend to update or revise their
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/20180905005168/en/
Enterprise Products Partners L.P.Randy Burkhalter, (713)
381-6812 or (866) 230-0745Investor RelationsorRick Rainey, (713)
381-3635Media Relations
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