Reports related to this article:
Project(s): View 3 related projects in PECWeb
Plant(s): View 3 related plants in PECWeb
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) is underway with what it calls a "small, but impactful project to utilize hydrogen as a fuel" at its new propane dehydrogenation (PDH) unit (PDH II), which is under construction in Mount Belvieu, Texas.
In the company's third-quarter earnings conference call with analysts on Tuesday, Co-Chief Executive Officer Jim Teague spoke of the shift in plans for the unit: "The change involves the capability to utilize hydrogen produced by the facility as fuel, rather than relying on natural gas. By modifying the design of the heaters for PDH II, we will reduce the plant's absolute carbon-equivalent emissions by almost 90%." A press release noted that this amounts to approximately 450,000 metric tons per year. The release also said capital costs in the unit's construction had been reduced by $50 million. Teague noted construction of the unit remains on schedule and on budget. The project kicked off last year, with S&B Engineers and Constructors Limited (Houston) providing engineering, procurement and construction services. It remains on track for a 2023 completion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the project report.
Although it is increasing its foray into petrochemicals, Enterprise remains active in its transmission segment, and one of the company's pipeline projects approaching completion is the Acadian Gillis natural gas pipeline lateral in Louisiana. The 80-mile pipeline will transport 1 billion cubic feet per day (Bcf/d) from a gathering system in the Haynesville Shale to Gillis, near Lake Charles, to serve liquefied natural gas (LNG) producers on the Gulf Coast. Construction is expected to be completed in the fourth quarter. Subscribers to Industrial Info's Pipeline Project Database can click here for the project report.
Earnings Results & Capital Investments
Enterprise had a strong third-quarter 2021 despite some headwinds caused by Hurricane Ida, which hit the Louisiana coast in late August and curtailed offshore oil production and caused the shutdown of several onshore facilities. The company reported net income of $1.2 billion, compared with $1.1 billion in the same quarter of 2020. Teague said, "Our results reflect the ongoing recovery and demand for crude, NGLs [natural gas liquids], primary petrochemicals and refined products as the global economy continues to recover. For 2022, most agree on continued strong demand and economic growth worldwide."
Teague said the company's liquids pipelines utilization has substantially recovered to near pre-pandemic levels and that natural gas transport for the third quarter exceeded pre-pandemic 2019 levels at a record 14.6 Bcf/d.
Enterprise's capital expenditures (capex) for the first nine months of this year totaled $1.8 billion, which included $331 of sustaining capex. The company said it expects growth capex for 2021 to come in at about $1.7 billion and $800 million for next year, although 2022 spending could rise to $1 billion to $1.5 billion, "considering projects currently under development."
Projects that could potentially move forward next year include the addition of a third ethane refrigeration train at the company's Morgan's Point export terminal on the Texas Gulf Coast. A third train would increase the terminal's current loading capability of 120,000 barrels per day by 50%. Subscribers to Industrial Info's Terminals Project Database can click here for the project report.
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.
In the company's third-quarter earnings conference call with analysts on Tuesday, Co-Chief Executive Officer Jim Teague spoke of the shift in plans for the unit: "The change involves the capability to utilize hydrogen produced by the facility as fuel, rather than relying on natural gas. By modifying the design of the heaters for PDH II, we will reduce the plant's absolute carbon-equivalent emissions by almost 90%." A press release noted that this amounts to approximately 450,000 metric tons per year. The release also said capital costs in the unit's construction had been reduced by $50 million. Teague noted construction of the unit remains on schedule and on budget. The project kicked off last year, with S&B Engineers and Constructors Limited (Houston) providing engineering, procurement and construction services. It remains on track for a 2023 completion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the project report.
Although it is increasing its foray into petrochemicals, Enterprise remains active in its transmission segment, and one of the company's pipeline projects approaching completion is the Acadian Gillis natural gas pipeline lateral in Louisiana. The 80-mile pipeline will transport 1 billion cubic feet per day (Bcf/d) from a gathering system in the Haynesville Shale to Gillis, near Lake Charles, to serve liquefied natural gas (LNG) producers on the Gulf Coast. Construction is expected to be completed in the fourth quarter. Subscribers to Industrial Info's Pipeline Project Database can click here for the project report.
Earnings Results & Capital Investments
Enterprise had a strong third-quarter 2021 despite some headwinds caused by Hurricane Ida, which hit the Louisiana coast in late August and curtailed offshore oil production and caused the shutdown of several onshore facilities. The company reported net income of $1.2 billion, compared with $1.1 billion in the same quarter of 2020. Teague said, "Our results reflect the ongoing recovery and demand for crude, NGLs [natural gas liquids], primary petrochemicals and refined products as the global economy continues to recover. For 2022, most agree on continued strong demand and economic growth worldwide."
Teague said the company's liquids pipelines utilization has substantially recovered to near pre-pandemic levels and that natural gas transport for the third quarter exceeded pre-pandemic 2019 levels at a record 14.6 Bcf/d.
Enterprise's capital expenditures (capex) for the first nine months of this year totaled $1.8 billion, which included $331 of sustaining capex. The company said it expects growth capex for 2021 to come in at about $1.7 billion and $800 million for next year, although 2022 spending could rise to $1 billion to $1.5 billion, "considering projects currently under development."
Projects that could potentially move forward next year include the addition of a third ethane refrigeration train at the company's Morgan's Point export terminal on the Texas Gulf Coast. A third train would increase the terminal's current loading capability of 120,000 barrels per day by 50%. Subscribers to Industrial Info's Terminals Project Database can click here for the project report.
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.
