Enterprise Adds Propylene Exports to Service Offerings at Houston Ship Channel Facility
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160719005457/en/
Copyright Business Wire 2016
Source: Business Wire
(July 19, 2016 - 8:30 AM EDT)
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