Enterprise Enters Into Long-Term Agreement for PDH 2 Facility
Enterprise Products Partners L.P. (EPD)
Last enterprise products partners l.p. earnings: 4/29 06:00 am
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enterpriseproducts.com/investors
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD) today announced that one of its affiliates has executed a long-term agreement with Marubeni Corporation to supply polymer grade propylene (“PGP”) from the partnership’s second propane dehydrogenation plant (“PDH 2”), which is currently under construction. Marubeni Corporation is a major Japanese integrated trading and investment business conglomerate and the world’s largest olefins trader.PDH 2 will have the capacity to upgrade 35,000 barrels per day (“BPD”) of propane into 1.65 billion pounds per year (25,000 BPD) of PGP. PDH 2 is being built at Enterprise’s complex near Mont Belvieu, Texas. The facility is expected to begin service in the second quarter of 2023. Upon completion, Enterprise will have total capacity to produce up to 11 billion pounds per year of PGP, the largest PGP production complex in the world. This complex has the capability to produce approximately 8 billion pounds per year of PGP from it
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