Enterprise Products Partners LP (NYSE: EPD) Sept. 5 announced it has begun construction of a new NGL fractionator adjacent to its Mont Belvieu, Texas complex.
The new unit will have a nameplate capacity of 150,000 barrels per day (bbl/d), giving Enterprise 905,000 bbl/d of fractionation capability in the Mont Belvieu area, and approximately 1.4 million bbl/d companywide. The fractionator is scheduled to begin service in first-quarter 2020.
“The addition of our newest fractionator will facilitate continued NGL production growth, including from the Permian Basin where NGL volumes are expected to more than double over the next four years,” said A.J. “Jim” Teague, CEO of Enterprise’s general partner. “This new fractionator will supply NGL products for the expanding petrochemical industry on the U.S. Gulf Coast as well as growing global demand for NGLs.”
Teague added that the Permian Basin and the Eagle Ford account for approximately 70% of the domestic growth in NGL. The new fractionator is supported by long-term customer agreements.
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