Enterprise Begins Service for its Texas NGL Fractionator
01 Agosto 2023 - 6:50AM
Business Wire
Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”)
today announced the start of service at its 12th natural gas
liquids (“NGL”) fractionator in Chambers County, Texas, adding an
incremental 150,000 barrels per day (“BPD”) of nameplate capacity.
Supported by long-term customer agreements, the new facility
increases Enterprise’s NGL fractionation capacity to 1.2 million
BPD at the Chambers County complex. Companywide, Enterprise now has
approximately 1.7 million BPD of NGL fractionation capacity. The
new fractionator is among $3.8 billion of major growth projects
beginning service in 2023.
“The addition of our newest fractionator is being driven by
growing domestic NGL production in the Permian Basin as new natural
gas processing plants are brought online,” said A.J. “Jim” Teague,
co-chief executive officer of Enterprise’s general partner. “We
recently began service at our sixth gas processing plant in the
Midland Basin, with three other Permian Basin gas plants expected
to come online by the end of the first quarter of 2024. On the
demand side, the additional volumes will provide much-needed
feedstocks for the petrochemical and refining industries, as well
as products such as cleaner-burning, reliable propane for export to
developing nations globally.”
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. Services
include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and marine terminals; crude oil gathering, transportation,
storage and marine terminals; petrochemical and refined products
production, transportation, storage, and marine terminals and
related services; and a marine transportation business that
operates on key U.S. inland and intracoastal waterway systems. The
partnership’s assets include more than 50,000 miles of pipelines;
over 260 million barrels of storage capacity for NGLs, crude oil,
refined products and petrochemicals; and 14 billion cubic feet of
natural gas storage capacity. Please visit
www.enterpriseproducts.com for more information.
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: https://www.businesswire.com/news/home/20230801324134/en/
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866)
230-0745 Rick Rainey, Media Relations (713) 381-3635
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