- About Us
Enterprise Products Partners L.P. is one of the largest publicly-traded energy partnerships and a leading North American provider of midstream energy services.
We currently are constructing the first worldscale ethane export faciliy at our Morgan's Point facilty located on the Houston ship channel. This facility will have a loading rate of approximately 200 thousand barrels per day ("MBPD") across two docks and is approximately 80 percent contracted. It will provide ethylene crackers and other end-use markets access to the most prolific supplies of ethane in the world. This facility is expected to be completed in the third quarter of 2016.
Through this acquisition we gained access to waterborne markets through marine terminals on the Houston ship channel. This location is the foundation for our Liquified Petroleum Gas ("LPG") export terminal expansion. We have an over 30-year history of operating our terminal on land formerly owned by Oiltanking. Now, we own the land and the LPG facility, which we will expand to 16 million barrels per month (“MMBbls/mo”) of loading capacity from approximately 9 MMBbls/mo today. The expansion is expected to be completed in the fourth quarter of 2015.
We are constructing a PDH unit at Mont Belvieu which will produce 1.65 billion Lbs per year of Polymer Grade Proylene ("PGP"). This project capitalizes on lower propylene production from ethylene crackers, which has decreased by 5.4 billion lbs or 37 percent since 2010 due to the decline in cracking naphtha. This facility is contracted with average 15-year fee-based contracts with investment grade companies. The unit is expected to be completed in the third quarter of 2016.
Enterprise's geographic and business diversification led to solid financial results and enabled the partnership to increase the cash distribution rate paid to partners to an annualized $1.54 per unit in the third quarter of 2015. This is a 5.5% increase from the distribution rate paid with respect to the third quarter of 2014 and represents the 45th consecutive quarterly increase.
|More Distribution Payments|
|Oct 01, 2015 - Barth and Montgomery Elected Directors of Enterprise’s General Partner|
|Oct 01, 2015 - Enterprise Declares 45th Consecutive Quarterly Distribution Increase; Enterprise Products Company Intends to Reinvest $50 Million of November Distributions|