EPD - Enterprise Products Partners completes Acadian Haynesville Extension expansion

2023-05-31 16:11:28 ET

Enterprise Products Partners ( NYSE: EPD ) said Wednesday it completed a 400M cf/day expansion of its Acadian Haynesville Extension natural gas pipeline, increasing its capacity to ~2.5B cf/day, to help meet growing industrial demand in the Mississippi River Corridor and support the Louisiana liquefied natural gas export market.

Enterprise ( EPD ) 1.65B lbs/year polymer-grade propylene PDH 2 plant also is scheduled for completion in Q2 at its Mont Belvieu complex in Texas.

In this year's H2, Enterprise ( PED ) also expects to complete construction of its 12th natural gas liquids fractionator (150K bbl/day) at Mont Belvieu, two natural gas processing plants in the Permian Basin (300K bbl/day Poseidon in the Midland Basin and 300K bbl/day Mentone II in the Delaware Basin), and Phase 1 of its 60K bbl/day Texas Western products pipeline between Mont Belvieu and Grand Junction, Colorado.

"For Enterprise, 2023 is a significant year in terms of the magnitude of $3.8B of major growth projects completing construction, beginning operations and generating new sources of cash flow," co-CEO Jim Teague said.

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