Enterprise Completes Phase 2 of TW Products System
29 Oktober 2024 - 11:05AM
Business Wire
Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”)
today announced that its refined products truck terminal serving
the Grand Junction, Colorado and Moab, Utah areas is now in
service, marking the completion of the second phase of the
company’s Texas Western Products (“TW Products”) system. Located in
Grand County, Utah, the facility features storage capacity of
400,000 barrels for gasoline and diesel and can load trucks at a
rate of up to 20,000 barrels per day (“BPD”). In addition, the
terminal is strategically located with direct access to Interstate
70, allowing it to serve markets in both eastern Utah and western
Colorado.
The new terminal joins three other facilities that began service
earlier in 2024, which are located in Gaines County, Texas and the
Jal and Albuquerque areas in New Mexico. Combined, the four
terminals offer 1.5 million barrels of refined products storage
capacity and can load up to 63,000 BPD.
“The TW Products system highlights two of Enterprise’s core
strengths: the creativity and determination of our people, and the
flexibility of our integrated midstream network,” said A.J. “Jim”
Teague, co-chief executive offer of Enterprise’s general partner.
“By repurposing a portion of our existing pipeline assets to
connect traditionally underserved gasoline and diesel markets in
the southwest United States to the largest refined products complex
in the country, we are able to provide customers with improved
access to more reliable and diverse supplies, resulting in lower
motor fuel costs for consumers. We believe the TW Products system
will increase in importance to this region given the recently
announced and potential future refinery closures in the state of
California.”
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Services
include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and marine terminals; crude oil gathering, transportation,
storage and marine terminals; petrochemical and refined products
production, transportation, storage, and marine terminals and
related services; and a marine transportation business that
operates on key U.S. inland and intracoastal waterway systems. The
partnership’s assets include more than 50,000 miles of pipelines;
over 300 million barrels of storage capacity for NGLs, crude oil,
refined products and petrochemicals; and 14 billion cubic feet of
natural gas storage capacity. Please visit
www.enterpriseproducts.com for more information.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related
thereto will be greater than expected, the impact of competition,
and other risk factors included in Enterprise’s reports filed with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Except as required by law, Enterprise
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241029570757/en/
Libby Strait, Investor Relations, (713) 381-4754 or (866)
230-0745 Rick Rainey, Media Relations (713) 381-3635
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