US Enterprise, Teppco complete merger

26 October 2009 17:01  [Source: ICIS news]

HOUSTON (ICIS news)--US pipeline firm Enterprise Products Partners and Teppco completed their merger, the company said on Monday.

Teppco is now a subsidiary of Enterprise.

The joint partnership owns nearly 48,000 combined miles (77,000 km) of petroleum and petrochemical product pipelines along with refined product, natural gas liquid (NGL) and crude oil storage capacity of approximately 200m bbl and 27bn cubic feet (bcf) of natural gas storage.

The new company, which will operate under the name Enterprise Products Partners, will maintain an NGL import/export terminal on the Houston Ship Channel, 60 NGL, refined product and chemical terminals, interests in 17 fractionation plants, 25 natural gas processing plants and three butane isomerisation plants.

Enterprise will also become one of the largest US inland tank barge companies.

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By: Al Greenwood
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