Enterprise to Build Isobutane Dehydrogenation Unit
January 30 2017 - 6:05AM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced
plans to construct a new isobutane dehydrogenation (“iBDH”) unit in
Mont Belvieu, Texas that will have the capability to produce
425,000 tons per year of isobutylene. The project, which is
supported by long-term contracts with investment-grade customers,
is expected to be completed in the fourth quarter of 2019. The
isobutylene produced by the plant will provide the necessary
feedstock to fill underutilized capacity at Enterprise’s existing
downstream octane enhancement and petrochemical facilities.
“The construction of this new iBDH plant will extend our butane
value chain and allow full utilization of our existing olefins
assets,” said A.J. “Jim” Teague, chief executive officer of
Enterprise’s general partner. “In developing this project, we are
leveraging Enterprise’s extensive integrated midstream network to
turn a plentiful, cost-advantaged natural gas liquid into a
higher-valued product.”
Historically, steam crackers and refineries have been the major
source of propane and butane olefins for downstream use. However,
with the increased use of light-end feedstocks, specifically
ethane, the need for on-purpose olefins has increased. Much like
Enterprise’s propane dehydrogenation unit, currently scheduled for
start of operations in the second quarter of 2017, the iBDH unit
will help meet market demand where supplies have been reduced. The
new iBDH plant will increase Enterprise’s production of both high
purity and low purity isobutylene to be used primarily as feedstock
to manufacture lubricants, rubber products and alkylate for
gasoline blendstock, as well as MTBE for export.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170130005155/en/
Enterprise Products Partners L.P.Randy Burkhalter, (713)
381-6812 or (866) 230-0745Investor RelationsorRick Rainey, (713)
381-3635Media Relations
Enterprise Products Part... (NYSE:EPD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Enterprise Products Part... (NYSE:EPD)
Historical Stock Chart
From Apr 2023 to Apr 2024