US Enterprise Products completes 6th fractionator at Texas complex
01 November 2012 16:06 [Source: ICIS news]
HOUSTON (ICIS)--Enterprise Products has completed a sixth natural gas liquids (NLG) fractionator at its production complex in Mont Belvieu, ?xml:namespace>Texas, the US-based midstream energy company said on Thursday.
Enterprise said that the new 85,000 bbl/day fractionator brings its total fractionation capacity at Mont Belvieu to 485,000 bbl/day.
“Rising NGL production from the shale [gas] plays continues to provide a cost advantage for the US petrochemical industry which favours natural gas-derived feedstocks over imported crude oil-based derivatives,” Enterprise said.
Also on Thursday, Enterprise reported a 22.5% year-on-year increase in third-quarter net income, to $588m (€453m), driven by volume growth and attractive margins.
($1 = €0.77)By: Stefan Baumgarten+1 713 525 2653
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