Enterprise Products to Expand Butane Isomerization Facility
January 08 2018 - 7:30AM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced
that the partnership plans to expand its butane isomerization
facility at its complex in Mont Belvieu, Texas. This expansion is
supported by long-term agreements to provide butane isomerization,
storage and pipeline services, including a 20-year, 35,000 barrel
per day (“BPD”) fee-based, tolling agreement. Enterprise is
currently evaluating two options to expand its butane isomerization
facilities that would add up to 30,000 BPD of incremental
capacity.
Enterprise is the largest commercial producer of high-purity
isobutane in the United States. The partnership has 116,000 barrels
per day (“BPD”) of butane isomerization capacity at Mont Belvieu.
Its isobutane system also includes approximately 13 million barrels
of aggregate isom grade normal butane and high-purity isobutane
salt dome storage capacity and 162 miles of distribution pipelines.
Butane isomerization is the process of converting normal butane
into high-purity isobutane, which is used as a feedstock for the
petrochemical and refining industries.
“Enterprise has been providing fee-based isomerization services
since 1981,” said A.J. “Jim” Teague, chief executive officer of
Enterprise’s general partner. “We are pleased to announce these new
long-term agreements to support another expansion of our facility.
We have seen solid demand growth for high-purity isobutane by the
petrochemical and refining industries. This expansion project is
another example of organic growth generated by our integrated value
chain serving both producers and consumers of NGLs, natural gas and
crude oil.”
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 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/20180108005454/en/
Enterprise Products Partners L.P.Randy Burkhalter, 713-381-6812
or 866-230-0745Investor RelationsorRick Rainey, 713-381-3635Media
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