Energy Transfer Joins the Environmental Partnership to Expand Focus on Reducing Environmental Footprint Across Its Operations
August 02 2021 - 5:50PM
Business Wire
Dallas-based Energy Transfer (NYSE:ET) has joined The
Environmental Partnership, a growing coalition of nearly 100 energy
companies committed to continuously improving the industry’s
environmental performance. The non-profit organization is focused
on working with its members to adopt technology and best practices
that will significantly reduce emissions.
Energy Transfer joined The Environmental Partnership as part of
its overall effort to reduce its environmental footprint across its
operations, which includes more than 90,000 miles of pipelines and
associated facilities in 38 states and Canada. This initiative
includes several projects to increase Energy Transfer’s use of
renewable energy including the support of the development of the
Maplewood 2 Solar farm in West Texas. Maplewood 2 delivers power to
three of Energy Transfer’s cryogenic plants in the area along with
numerous compressor and pump stations. Energy Transfer also has
installed approximately 18,000 solar panels across the country that
provide power to its metering stations.
“We have for years used a diversified mix of energy sources and
emissions-reducing technologies to power our assets,” said Tom
Mason, executive vice president and head of Energy Transfer’s
Alternative Energy Group. “In fact, nearly 20 percent of the
electrical energy we purchase on any given day originates from wind
and solar sources. We are also pursuing a number of other emissions
reduction efforts, including several carbon capture projects. We
look forward to working with the Environmental Partnership and our
industry peers to advance our emissions reduction efforts across
our operational footprint.”
Energy Transfer also uses a natural gas compression system in
many of its operating areas that reduces emissions through its
patented ability to switch compression drivers between an electric
motor and a natural gas engine. These Dual Drive compressors are
often used in ozone non-attainment areas to improve air quality by
providing a low-emission alternative for natural gas
compression.
Energy Transfer LP (NYSE: ET) owns and operates one of
the largest and most diversified portfolios of energy assets in the
United States, with a strategic footprint in all of the major
domestic production basins. ET is a publicly traded limited
partnership with core operations that include complementary natural
gas midstream, intrastate and interstate transportation and storage
assets; crude oil, natural gas liquids (NGL) and refined product
transportation and terminalling assets; NGL fractionation; and
various acquisition and marketing assets. ET also owns Lake Charles
LNG Company, as well as the general partner interests, the
incentive distribution rights and 28.5 million common units of
Sunoco LP (NYSE: SUN), and the general partner interests and 46.1
million common units of USA Compression Partners, LP (NYSE: USAC).
For more information, visit the Energy Transfer website at
energytransfer.com.
Forward Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in the Partnership’s Annual Report on
Form 10-K and other documents filed from time to time with the
Securities and Exchange Commission. In addition to the risks and
uncertainties previously disclosed, the Partnership has also been,
or may in the future be, impacted by new or heightened risks
related to the COVID-19 pandemic, and we cannot predict the length
and ultimate impact of those risks. The Partnership undertakes no
obligation to update or revise any forward-looking statement to
reflect new information or events.
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version on businesswire.com: https://www.businesswire.com/news/home/20210802005781/en/
Energy Transfer Media Relations 214.840.5820 Vicki
Granado, Alexis Daniel Media@energytransfer.com
Energy Transfer Investor Relations 214.981.0795 Bill
Baerg, Brent Ratliff, Lyndsay Hannah
investorrelations@energytransfer.com
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