Enterprise Adds Propylene Exports to Service Offerings at Houston Ship Channel Facility
July 19 2016 - 8:30AM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced the
company has loaded its first two vessels with polymer grade
propylene (“PGP”) for export at the Enterprise Hydrocarbons
Terminal (“EHT”) along the Houston Ship Channel, adding a new
service at this facility. The company is expecting an increase in
the number of PGP export cargoes in response to the growing
international demand. The company has the capability to load 5,000
metric tons per day of refrigerated PGP at the EHT dock facilities
which are supplied directly by propylene fractionators and storage
wells at Enterprise’s Mont Belvieu, Texas complex.
“Our EHT facility provides us with the enhanced efficiency and
additional capacity we need to meet the increased demand from our
customers looking to export PGP, which is price advantaged due to
the shale revolution,” said A.J. “Jim” Teague, chief executive
officer of Enterprise’s general partner. “With the addition of our
1.65 billion pound PDH plant, which is scheduled to begin service
in the second quarter of 2017, Enterprise will have the capability
to produce 7.5 billion pounds of propylene per year, sufficient to
meet the needs of our domestic and international customers.”
Enterprise has recently made enhancements to its pipeline and
rail infrastructure to facilitate delivery of refinery grade
propylene (“RGP”) to its fractionation facilities. RGP, a mixture
of propane and propylene, is separated into PGP.
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 49,000 miles of pipelines; 250 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 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: http://www.businesswire.com/news/home/20160719005457/en/
Enterprise Products Partners L.P.Randy Burkhalter,
713-381-6812Investor RelationsorRick Rainey, 713-381-3635Media
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