Enterprise to Extend Ethylene Pipeline Network

HOUSTON–(BUSINESS WIRE)–Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today
announced it is extending its ethylene pipeline and logistics system
further into South Texas, a leading growth area for new crackers and
ethylene derivative plants. The Baymark ethylene pipeline will originate
in the Bayport area of southeast Harris County and extend approximately
90 miles to Markham, Texas in Matagorda County. The pipeline is
supported by long-term customer commitments and is scheduled to begin
service in the fourth quarter of 2020. The project is a joint venture
between Enterprise and Lavaca Pipe Line Company, a subsidiary of Formosa
Plastics Corporation, U.S.A. Enterprise will be the majority owner,
operator, and commercial manager for the new pipeline.

“The U.S. petrochemical industry is experiencing unprecedented growth
with production of ethylene expected to exceed 100 billion pounds per
year by 2025,” said A.J. “Jim” Teague, chief executive officer of
Enterprise’s general partner. “This growth in the petrochemical sector
is creating additional opportunities for Enterprise to grow our
midstream petrochemical services. The Baymark Pipeline further extends
our petrochemical value chain, providing producing and consuming
customers with enhanced access to the largest liquids storage hub in
North America at Mont Belvieu, as well as linking them to growing
domestic and international markets.”

The Baymark Pipeline will provide access to a high-capacity ethylene
storage well Enterprise is repurposing at its Mont Belvieu complex, as
well as connectivity to the ethylene export terminal currently under
construction at Morgan’s Point. The storage well is expected to be
completed in the third quarter of 2019 and will have a capacity of 600
million pounds. The terminal will have the capacity to export
approximately 2.2 billion pounds of ethylene per year and is on schedule
to begin service in the fourth quarter of 2019.

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 currently include approximately 49,200 miles of
pipelines; 260 million barrels of storage capacity for NGLs, crude oil,
petrochemicals and refined products; 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.

Contacts

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick
Rainey, Media Relations (713) 381-3635

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