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Released January 14, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
Enterprise Begins Service at Isobutane Dehydrogenation Plant - Enterprise Products Partners (NYSE:EPD) announced that it recently began service at its new isobutane dehydrogenation plant in Mont Belvieu, Texas. The plant will gradually ramp up production capacity, ultimately producing nearly 1 billion pounds per year of isobutylene. (Project 300144399) (Business Wire)
CORPORATE
Talen Energy Completes Sale of Interstate Energy Company - Talen Energy Corporation said it has completed the sale of its wholly owned subsidiary Interstate Energy Company to Adelphia Gateway LLC, a subsidiary of New Jersey Resources Corporation (NYSE:NJR), for $165 million. (PR Newswire)
FINANCIAL
EQT to Take Up to $1.8 Billion Impairment Charge Due to Low Natural Gas Prices - U.S. natural gas producer EQT Corporation (NYSE:EQT) said on Monday it would take a non-cash impairment charge of up to $1.8 billion in its fourth quarter, as it writes down the value of some assets due to lower commodity prices, sending shares down 6%. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
PRODUCTION
Enterprise Begins Service at Isobutane Dehydrogenation Plant - Enterprise Products Partners (NYSE:EPD) announced that it recently began service at its new isobutane dehydrogenation plant in Mont Belvieu, Texas. The plant will gradually ramp up production capacity, ultimately producing nearly 1 billion pounds per year of isobutylene. (Project 300144399) (Business Wire)
CORPORATE
Talen Energy Completes Sale of Interstate Energy Company - Talen Energy Corporation said it has completed the sale of its wholly owned subsidiary Interstate Energy Company to Adelphia Gateway LLC, a subsidiary of New Jersey Resources Corporation (NYSE:NJR), for $165 million. (PR Newswire)
FINANCIAL
EQT to Take Up to $1.8 Billion Impairment Charge Due to Low Natural Gas Prices - U.S. natural gas producer EQT Corporation (NYSE:EQT) said on Monday it would take a non-cash impairment charge of up to $1.8 billion in its fourth quarter, as it writes down the value of some assets due to lower commodity prices, sending shares down 6%. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
