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Stock Market & Financial Investment News

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January 7, 2014
07:31 EDTEPD, OILTEnterprise to expand LPG export facility at Oiltanking on Houston Ship Channel
Enterprise Products Partners L.P. (EPD) announced a further expansion of its liquefied petroleum gas export terminal at Oiltanking’s complex on the Houston Ship Channel. Enterprise’s expanded LPG terminal is supported by a 50-year service agreement with Oiltanking Partners, L.P. (OILT) to provide additional dock space and related services. The expanded LPG export terminal is expected to be in service by the end of 2015 and is supported by long-term LPG export agreements. Upon completion of the expanded facilities, Enterprise will have aggregate capacity to load in excess of 16 million barrels per month of low-ethane propane and/or butane. This expansion is in lieu of a second LPG terminal announced in October 2013 and will result in more capacity than previously anticipated.
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September 29, 2014
09:20 EDTEPDEnterprise Products completes initial segment of Aegis ethane pipeline
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09:02 EDTEPDEnterprise Products announces ninth NGL fractionator at Mont Belvieu complex
Enterprise Products Partners L.P. will build its ninth natural gas liquid fractionator at its complex in Mont Belvieu, Texas. This ninth fractionator will have a nameplate capacity of 85,000 barrels per day and is expected to begin operations as early as January 2016. Upon completion of the ninth NGL fractionator, Enterprise will have gross nameplate NGL fractionation capacity of 755,000 BPD at Mont Belvieu and total gross NGL fractionation capacity of approximately 1.2 million BPD. Generally, the operating rates for our Hobbs fractionator and the last five fractionators built at Mont Belvieu have exceeded nameplate capacity. Enterprise will have approximately 265,000 BPD of propane production capability at Mont Belvieu upon the completion of the ninth fractionator.

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