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Enterprise Products Partners L.P. is one of the largest publicly-traded energy partnerships and a leading North American provider of midstream energy services.
The propane dehydrogenation ("PDH") facility is designed to have a capacity to produce up to 1.65 billion pounds per year of polymer grade propylene, and it is expected to consume up to 35 MBPD of propane as feedstock. The new facility, which will be located in southeast Texas along the Gulf Coast, will be integrated with our existing propylene fractionation facilities, and provide operational reliability and flexibility for both the PDH facility and the fractionation facilities. The PDH facility is supported by long-term, fee-based contracts and is expected to begin commercial operations during early 2016.
The 270-mile Aegis Ethane Pipeline will deliver ethane to petrochemical plants in the U.S. Gulf Coast region. The Aegis Ethane Pipeline will originate at our Mont Belvieu, Texas storage complex and have the capacity to transport up to 425 MBPD of purity ethane volumes to various petrochemical customers along the Gulf Coast of Texas and Louisiana. The Aegis Ethane Pipeline is expected to commence operations in stages, with initial sections beginning service in the third quarter of 2014, with remaining sections starting at different times through 2015.
The Enterprise Crude Houston ("ECHO") storage terminal is located in southeast Houston and provides storage customers with access to major refiners located in the Houston and Texas City area. It also has connections to marine facilities that provide connectivity to any refinery on the U.S. Gulf Coast. We plan to expand the ECHO facility so that it will ultimately provide approximately 6.5 MMBbls of storage capacity at the site by the second quarter of 2015.
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 $1.46 per unit in the third quarter of 2014. This 5.8% increase from the distribution rate paid with respect to the third quarter of 2013 (as adjusted for the two-for-one split), and represents the 41st consecutive quarterly increase.
|08/21/14||2:1 Stock Split|
* reflects impact of two-for-1 unit split
More Distribution Payments
|Dec 17, 2014 - Enterprise Products Announces Key Additions to Legal Management Team; Craig W. Murray Named General Counsel|
|Dec 15, 2014 - Enterprise Begins Open Season for Proposed Expansion of Panola NGL Pipeline System|