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Energy Transfer announces a fifth Mont Belvieu fractionator
HOUSTON, February 23, 2017 (PCW) -- Energy Transfer Partners (ETP) announced today it is moving forward with construction of a 120,000 b/d NGL fractionation facility in Mont Belvieu, Texas.
With startup expected in September 2018, it will be the fifth such unit operated by ETP subsidiary Lone Star NGL.
The estimated cost of $385 million includes product infrastructure and a new 3 million bbl storage cavern for y-grade, the raw NGL mixture.
The new unit is fully subscribed with long-term, fixed-fee contracts; demand for the processing capacity arose from fast-growing NGL production in the Permian and Delaware Basins of west Texas and southeastern New Mexico. -- David Barry