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Enterprise Continues to Expand Petrochemical Assets in Southeast Texas.

Publication: Business Wire
Date: Thursday, January 4 2007

HOUSTON -- Enterprise Products Partners L.P. (NYSE:EPD) today announced that it will expand its 48-mile refinery grade propylene (RGP) pipeline system between Texas City and Mont Belvieu, Texas. The expanded pipeline will provide Enterprise with access to increasing volumes of RGP from the Texas

City area for transportation, storage and fractionation at its Mont Belvieu facilities. The pipeline, with current capacity of 23,000 barrels per day (BPD), will increase to 32,000 BPD with the installation of additional pumps by the fourth quarter of 2007.

Additionally, two other petrochemical infrastructure projects, announced in March 2006, are on schedule. Enterprise is nearing completion of a project to interconnect its recently acquired 66-mile, 50,000 BPD RGP pipeline with a refinery in the Beaumont /Port Arthur, Texas, area and Enterprise's Mont Belvieu propylene fractionator and storage facilities. This project is expected to be operational in January 2007 and the pipeline will be further expanded with an additional interconnect to a second Beaumont / Port Arthur area refinery in late 2007. Additional RGP volumes from the second interconnect are expected by early 2008.

Further, Enterprise is also on schedule with the construction of a fourth propylene fractionator at its Mont Belvieu facility. The new splitter, which is slated to be in service during the third quarter of 2007, will increase the partnership's propylene/propane fractionation capacity from 58,000 BPD currently to about 73,000 BPD, which represents an additional 1 billion pounds of polymer grade propylene per year. Polymer grade propylene is 99.5 percent pure propylene and is used in the production of plastic consumer products, pharmaceuticals, detergents and solvents. Increased access to RGP supplies through both the new Beaumont /Port Arthur RGP pipeline and the expanded Texas City RGP pipeline are expected to be available for fractionation at the expanded splitter facility.

Enterprise Products Partners L.P. is one of the largest publicly traded energy partnerships with an enterprise value of approximately $17 billion, and is a North American provider of midstream energy services to producers and consumers of natural gas, NGLs and crude oil. Enterprise transports natural gas, NGLs and crude oil through more than 34,000 miles of onshore and offshore pipelines. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation and offshore production platform services. For more information, visit Enterprise on the web at www.epplp.com. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP LLC, which is wholly owned by Enterprise GP Holdings L.P. (NYSE:EPE), one of the nation's largest publicly traded GP partnerships with an enterprise value of approximately $3 billion. For more information on Enterprise GP Holdings L.P., visit its website at www.enterprisegp.com.

This press release contains various forward-looking statements and information that are based on Enterprise's beliefs and those of its general partner, as well as assumptions made by and information currently available to Enterprise. When used in this press release, words such as "anticipate," "project," "expect," "plan," "goal," "forecast," "intend," "could," "believe," "may," and similar expressions and statements regarding the plans and objectives of Enterprise for future operations, are intended to identify forward-looking statements. Although Enterprise and its general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither Enterprise nor its general partner can give assurances that such expectations will prove to be correct. Such statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, Enterprise's actual results may vary materially from those Enterprise anticipated, estimated, projected or expected. Among the key risk factors that may have a direct bearing on Enterprise's results of operations and financial condition are:

* fluctuations in oil, natural gas and NGL prices and production due to weather and other natural and economic forces;

* the effects of our debt level on its future financial and operating flexibility;

* a reduction in demand for our products by the petrochemical, refining or heating industries;

* a decline in the volumes of NGLs delivered by our facilities;

* the failure of its credit risk management efforts to adequately protect us against customer non-payment;

* terrorist attacks aimed at our facilities; and,

* the failure to successfully integrate our operations with any companies that we may acquire in the future, if any.

Enterprise has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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