Enterprise Expanding Houston Ship Channel Export Facility
30 Julio 2024 - 5:05AM
Business Wire
Enterprise Products Partners L.P. (NYSE: EPD) today announced
that it is moving forward with a key expansion project along the
Houston Ship Channel in response to continued strong customer
demand for natural gas liquids export capacity. At the Enterprise
Hydrocarbons Terminal (“EHT”), the company is adding refrigeration
capacity that will increase propane and butane export capabilities
by approximately 300,000 barrels per day (“BPD”). In addition to
providing incremental capacity for liquefied petroleum gas (“LPG”),
the expansion will increase instantaneous loading rates for propane
and butane, while making additional capacity available for
propylene exports. The expanded service is expected to begin by the
end of 2026.
The need for increased LPG capacity at EHT is being driven by
the success Enterprise has had in contracting the company’s
flexible product capacity at its Neches River Terminal (“NRT”)
being developed in Orange County, Texas, adjacent to the company’s
Beaumont East refined products terminal. Phase 1 of the NRT
buildout includes the addition of a new loading dock, an ethane
refrigeration train with a nameplate capacity of 120,000 BPD, and a
900,000-barrel refrigerated tank that will accommodate loading
rates up to 45,000 barrels per hour. Phase 1 is expected to begin
service in the second half of 2025.
Phase 2 includes a second refrigeration train that will allow
Enterprise to load up to 180,000 BPD of ethane, 360,000 BPD of
propane, or a combination of the two. The second phase is expected
to begin service in the first half of 2026.
Growth capital associated with the EHT and NRT projects fits
within the company’s existing forecasted growth capital expenditure
ranges for 2024-2026.
A.J. “Jim” Teague, co-chief executive officer for Enterprise’s
general partner, said, “Enterprise has received significant
interest in ethane and LPG exports systemwide. Additional interest
in expanded capacity reflects continued demand for U.S.
hydrocarbons and Enterprise’s ability to quickly and economically
expand our footprint to meet those needs.”
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 300 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/20240730925549/en/
Libby Strait, Investor Relations, (713) 381-4754 or (866)
230-0745, ecstrait@eprod.com Rick Rainey, Media Relations, (713)
381-3635, rrainey@eprod.com
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