HOUSTON--(BUSINESS WIRE)--Sep. 5, 2018--
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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180905005168/en/
Source: Enterprise Products Partners L.P.
Enterprise Products Partners L.P.
Randy Burkhalter, (713)
381-6812 or (866) 230-0745
Rainey, (713) 381-3635