CTL OFFERS MARINE EXPORT CAPABILITIES TO COLONIAL PIPELINE SHIPPERS THROUGH ENTERPRISE PRODUCTS BEAUMONT TERMINAL

FOR IMMEDIATE RELEASE CONTACTS:
Colonial Pipeline Company -- Malesia Dunn, 678.762.2677, mdunn@colpipe.com
Enterprise Products Partners L.P. – Rick Rainey, 713.381.3635, rrainey@eprod.com



Alpharetta, GA and Houston, TX (October 10, 2017) – Colonial Terminal Logistics (CTL) and Enterprise Products Partners L.P. (NYSE: EPD) today announced that CTL is now offering marine logistics services for Colonial Pipeline Shippers at Enterprise’s Beaumont marine terminal facility. This will allow Colonial Pipeline Shippers to move product from thirteen Gulf Coast refineries to the Beaumont Terminal for loading onto vessels for transportation to the Florida retail market, as well as for export to foreign destinations. CTL can provide customers firm dock capacity rights and will also have access to as much as 2 million barrels of new storage at the Beaumont facility.

CTL’s long term vision is to move products for marine export from multiple terminals in the greater Beaumont/Port Arthur/Orange area. CTL’s marine logistics services, which are cost advantaged to refined product services offered on the Houston Ship Channel, include storage, blending and dock usage solutions.

Madeleine (Mat) McLean, General Manager, CTL noted, “We are excited to now offer this cost advantaged solution to our customers. With the exploding export growth CTL is well positioned to serve this demand and offer a competitive alternative to Houston Ship Channel customers.” Customers interested in learning more should contact Mat McLean (mmclean@colterm.com or 678-762-2314).

Bill Ordemann, Executive Vice President, Commercial, for Enterprise’s general partner said, “We are pleased to execute this agreement with CTL, which expands the effective reach and increases volume for our Beaumont refined products marine terminal and storage complex. Our Beaumont facility is part of one of the most extensive marine terminal networks along the Gulf Coast and is uniquely positioned to provide flow assurance and market choices for refined products.”

CTL, a subsidiary of the Colonial Pipeline Company, was formed in early 2017. CTL currently offers marine logistics services in Beaumont Texas with plans to offer marine logistics solutions throughout the Greater Beaumont/Port Arthur area.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

 

This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

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