HOUSTON, May 6, 2022
/PRNewswire/ - Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) and
Humble Midstream, LLC (Humble), an EnCap Flatrock Midstream
portfolio company, are pleased to announce the joint development
and marketing of a low-carbon hydrogen and ammonia production and
export facility which will be located at the Enbridge Ingleside
Energy Center (EIEC), near Corpus
Christi, Texas.
Enbridge and Humble plan to develop a utility scale ultra-low
carbon production facility, capable of supplying both low-carbon
hydrogen and ammonia to meet the growing global and domestic
demand. Up to 95 percent of the carbon dioxide (CO2) generated in
the production process will be sequestered in newly developed
carbon capture infrastructure, including facilities to be owned and
operated by Enbridge, making this a fully integrated low-carbon
solution. Enbridge's affiliate, Texas Eastern Transmission
Pipeline, is expected to provide the transportation service for
feed gas that will be used for the production process. Both
hydrogen and ammonia have zero CO2 emissions at the point of
use.
Enbridge and Humble intend to jointly market the capacity of the
facility and are in discussions with several potential offtake
customers. The construction of any facilities will be subject to
sufficient customer support and receipt of all necessary regulatory
approvals.
"This is a good example of how Enbridge is leveraging existing
conventional energy assets and capabilities to extend growth and
capitalize on low carbon opportunities in the energy transition,"
said Colin Gruending, Enbridge
Executive Vice President and President, Liquids Pipelines. "The
EIEC is already the premier export facility on the U.S. Gulf Coast
and will play an even greater role in global energy security and
sustainability. We're excited to work with Humble to further
develop this opportunity."
"Humble is pleased to be joining Enbridge in this first-mover
effort to develop clean energy alternatives on a world-class
scale," said Humble Midstream CEO Steven
Huckaby. "We believe the midstream expertise of both
companies positions us well to provide affordable hydrogen and
ammonia to a marketplace seeking low carbon alternative fuels. Our
team is glad to be partnered with EnCap Flatrock Midstream to
pursue this opportunity, a natural extension of their longstanding
midstream strategy."
Enbridge Forward-Looking
Information
Forward-looking information, or forward-looking statements,
have been included in this news release to provide information
about Enbridge Inc. ("Enbridge" or the "Company") and its
subsidiaries and affiliates, including management's assessment of
Enbridge and its subsidiaries' future plans and operations. This
information may not be appropriate for other purposes.
Forward-looking statements are typically identified by words such
as ''anticipate'', ''expect'', ''project'', ''estimate'',
''forecast'', ''plan'', ''intend'', ''target'', ''believe'',
"likely" and similar words suggesting future outcomes or statements
regarding an outlook. Forward-looking information or statements in
this news release include statements with respect to the proposed
low-carbon hydrogen and ammonia production and export facility at
Enbridge Ingleside Energy Center, including the characteristics and
benefits thereof, related carbon capture infrastructure, supply and
customer arrangements and conditions precedent for the
project.
Although Enbridge believes these forward-looking statements
are reasonable based on the information available on the date such
statements are made and processes used to prepare the information,
such statements are not guarantees of future performance and
readers are cautioned against placing undue reliance on
forward-looking statements. By their nature, these statements
involve a variety of assumptions, known and unknown risks and
uncertainties and other factors, which may cause actual results,
levels of activity and achievements to differ materially from those
expressed or implied by such statements. Assumptions regarding the
expected supply of and demand for crude oil, natural gas, natural
gas liquids, renewable energy and other commodities, and the prices
of these commodities, are material to and underlie all
forward-looking statements, as they may impact current and future
levels of demand for the Company's services. Similarly, energy
transition, including the drivers and pace thereof, exchange rates,
inflation and interest rates impact the economies and business
environments in which the Company operates and may impact levels of
demand for the Company's services and cost of inputs, and are
therefore inherent in all forward-looking statements. Due to the
interdependencies and correlation of these macroeconomic factors,
the impact of any one assumption on a forward-looking statement
cannot be determined with certainty. The most relevant assumptions
associated with forward-looking statements on announced projects
and projects under construction, including estimated in-service
dates and the realization of anticipated benefits, include the
following: the impact of litigation and government, regulatory and
stakeholder actions and approvals on construction and in-service
schedules; the availability and price of labour and construction
materials; the effects of inflation and foreign exchange rates on
labour and material costs; the effects of interest rates on
borrowing costs; technology-related matters; the impact of weather;
and expectations about our partners' ability to complete and
finance proposed projects.
Enbridge's forward-looking statements are subject to risks
and uncertainties, including, but not limited to those risks and
uncertainties discussed in this news release and in the Company's
other filings with Canadian and United
States securities regulators. The impact of any one risk,
uncertainty or factor on a particular forward-looking statement is
not determinable with certainty as these are interdependent and
Enbridge's future course of action depends on management's
assessment of all information available at the relevant time.
Except to the extent required by applicable law, Enbridge assumes
no obligation to publicly update or revise any forward-looking
statements made in this news release or otherwise, whether as a
result of new information, future events or otherwise. All
subsequent forward-looking statements, whether written or oral,
attributable to Enbridge or persons acting on the Company's behalf,
are expressly qualified in their entirety by these cautionary
statements.
About Enbridge Inc.
Enbridge Inc. is a leading North American energy
infrastructure company. We safely and reliably deliver the energy
people need and want to fuel quality of life. Our core businesses
include Liquids Pipelines, which transports approximately 30
percent of the crude oil produced in North America; Gas
Transmission and Midstream, which transports approximately 20
percent of the natural gas consumed in the U.S.; Gas Distribution
and Storage, which serves approximately 3.9 million retail
customers in Ontario and Quebec; and Renewable Power
Generation, which owns approximately 1,766 MW (net) in renewable
power generation capacity in North
America and Europe. The Company's common shares trade on
the Toronto and New York stock exchanges under
the symbol ENB. For more information,
visit www.enbridge.com.
About Humble Midstream
LLC
Headquartered in Denver,
Humble Midstream is focused on solutions to transform energy
markets by delivering sustainable and scalable low carbon solutions
to accelerate the net-zero future. Leveraging decades of midstream
energy experience, the Humble team is positioned to lead in the
development and operation of clean hydrogen, clean ammonia, and
carbon capture, utilization, and sequestration (CCUS) projects.
Humble is backed by an equity commitment from EnCap Flatrock
Midstream. Please visit www.humblemidstream.com for more
information on the company and its management team.
About EnCap Flatrock
Midstream
EnCap Flatrock Midstream provides value-added growth capital
to proven management teams focused on midstream infrastructure
opportunities across North
America. The firm was formed in 2008 by a partnership
between EnCap Investments L.P. and Flatrock Energy Advisors, LLC.
Based in San Antonio with offices
in Oklahoma City and Houston, the firm manages investment
commitments of nearly $9 billion from
a broad group of prestigious institutional investors. EnCap
Flatrock Midstream is currently making commitments to management
teams from EFM Fund IV, a $3.25
billion fund. For more information, please visit
www.efmidstream.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Enbridge
Media
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com.
Humble
Media:
TEN|10 Group
Bevo Beaven
303.433.4397
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SOURCE Enbridge Inc.