|ENTERPRISE PRODUCTS PARTNERS L P filed this Form 10-K on 02/28/2018|
The results of operations from our propylene fractionation units are generally dependent upon toll processing arrangements with customers. The results of operations from our petrochemical pipelines are primarily dependent upon the volume of products transported and the level of fees charged to shippers.
We purchase RGP on the open market for fractionation at our facilities and sell the resulting PGP at market-based prices. The results of operations from these petrochemical marketing activities are primarily dependent upon the difference, or spread, between the sales prices of the products and associated purchase and other costs, including those costs attributable to the use of our assets. To limit the exposure of these marketing activities to price risk, we attempt to match the timing and price of our feedstock purchases with those of the sales of end products.
Our petrochemical marketing activities also include the results of operations of our PDH facility. We purchase propane for our PDH facility to process into PGP, which is then sold to customers under long-term sales contracts (take-or-pay arrangements) that feature minimum volume commitments and contractual pricing that minimizes our commodity price risk.
In order to meet the demand of international customers, this business also includes export assets located at our EHT complex that are capable of loading up to 5,000 metric tons per day of refrigerated PGP.
The following table presents selected information regarding our propylene fractionation units at February 1, 2018:
We produce PGP at our Mont Belvieu, Texas propylene fractionation units and CGP at our BRPC facility located in Baton Rouge, Louisiana. On a weighted-average basis, the overall utilization rate of our propylene fractionation facilities was approximately 89.9%, 81.9% and 80.5% during the years ended December 31, 2017, 2016 and 2015, respectively.
The following table presents selected information regarding our propylene pipelines at February 1, 2018: