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NYSE:EPD) today announced plans to begin the Phase 2 expansion of its world class natural gas liquid ("NGL" or "LPG") import terminal from a maximum peak operating rate of 240 thousand barrels per day ("MBPD") to 480 MBPD and its export terminal from a maximum rate of 140 MBPD to 160 MBPD. These investments include the construction of a new propylene fractionator at its Mont Belvieu complex that will increase Enterprise's propylene/propane fractionation capacity by one billion pounds per year, or approximately 15 thousand barrels per day ("MBPD"), and the expansion of two refinery grade propylene gathering pipelines that will add 50 MBPD of gathering capacity into Mont Belvieu. The Poseidon and Allegheny oil pipeline systems are currently flowing 120 MBPD of oil compared to 175 MBPD at pre-storm levels. |
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