Enterprise Product Partners
Estimated electricity consumption
N/A
Countries of production presence
N/A
Enterprise Products Partners is a leading American energy company that operates in the oil and liquid-rich gas pipelines sector. The company is based in Houston, Texas, and has been in operation for over 50 years. Enterprise Products Partners is a publicly traded company and is listed on the New York Stock Exchange under the ticker symbol EPD.
The company has a diverse portfolio of assets, including pipelines, storage facilities, processing plants, and export terminals. Enterprise Products Partners operates over 50,000 miles of pipelines that transport crude oil, natural gas liquids, refined products, and petrochemicals. The company also has over 200 million barrels of storage capacity and several processing plants that can process up to 6 billion cubic feet of natural gas per day.
Enterprise Products Partners is committed to decarbonization and reducing its carbon footprint. The company has set a target to reduce its greenhouse gas emissions by 20% by 2030. To achieve this goal, Enterprise Products Partners is investing in renewable energy and exploring new technologies that can reduce emissions from its operations.
One of the ways Enterprise Products Partners is investing in renewable energy is through corporate power purchase agreements (PPAs). These agreements allow the company to purchase renewable energy from third-party providers and use it to power its operations. In 2020, Enterprise Products Partners signed a 15-year PPA with a solar energy provider to purchase 100 MW of solar energy to power its operations in Texas.
Enterprise Products Partners is also exploring the use of corporate energy storage solutions to help balance the grid and reduce the need for fossil fuel-based peaker plants. The company is currently testing a 2 MW/8 MWh battery storage system at one of its natural gas processing plants in Texas.
In addition to its renewable energy investments, Enterprise Products Partners is also committed to reducing emissions from its existing operations. The company is implementing several initiatives to reduce emissions, including the use of renewable natural gas, the capture and reuse of methane emissions, and the optimization of its pipeline operations to reduce energy consumption.
Enterprise Products Partners is also investing in new technologies that can help reduce emissions from the oil and gas industry. The company is a member of the Oil and Gas Climate Initiative, a global consortium of oil and gas companies that are committed to reducing emissions from the industry. Enterprise Products Partners is working with other members of the initiative to develop new technologies that can reduce emissions from the production, processing, and transportation of oil and gas.
In conclusion, Enterprise Products Partners is a leading American energy company that operates in the oil and liquid-rich gas pipelines sector. The company is committed to decarbonization and reducing its carbon footprint through investments in renewable energy, corporate power purchase agreements, and new technologies. Enterprise Products Partners is also implementing several initiatives to reduce emissions from its existing operations and is working with other industry leaders to develop new technologies that can reduce emissions from the oil and gas industry.