Williams Partners’ Geismar Olefins Plant Achieves 87% of Full Expanded Production Rate
June 18 2015 - 5:19PM
Business Wire
Williams Partners L.P. (NYSE: WPZ) today announced its Geismar,
Louisiana olefins plant is approaching its full expanded production
rate. As of June 17, the plant’s ethylene production rate was at
4.63 million pounds per day, 87 percent of its full expanded
production rate. It should also be noted that the plant is now
maximizing propylene production. With the repairs made after a
local electrical outage, an expansion plant transformer
re-installed and the expansion equipment now online, the plant
continues to make progress each day toward its full expanded
production rate.
“Our primary objective this year is to once again be a reliable
supplier of olefins to our customers and we are very pleased to be
progressing toward expanded production at the plant,” said John
Dearborn, senior vice president, NGL & Petchem Services. “We
continue our emphasis on operational discipline and maintaining the
excellent safety performance demonstrated by our Geismar team
throughout this expansion process.”
The expanded ethylene production capacity at the plant is 1.95
billion pounds per year. Williams Partners’ share of the total
capacity of the expanded plant is approximately 1.7 billion pounds
per year.
About Williams Partners
Williams Partners (NYSE: WPZ) is an industry-leading, large-cap
natural gas infrastructure master limited partnership with a strong
growth outlook and major positions in key U.S. supply basins and
also in Canada. Williams Partners has operations across the natural
gas value chain from gathering, processing and interstate
transportation of natural gas and natural gas liquids to petchem
production of ethylene, propylene and other olefins. Williams
Partners owns and operates more than 33,000 miles of pipelines
system wide – including the nation’s largest volume and fastest
growing pipeline – providing natural gas for clean-power
generation, heating and industrial use. Williams Partners’
operations touch approximately 30 percent of U.S. natural gas.
Tulsa, Okla.-based Williams (NYSE: WMB), a premier provider of
large-scale North American natural gas infrastructure, owns 60
percent of Williams Partners, including all of the 2 percent
general-partner interest. www.williams.com
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the partnership
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the partnership’s
annual reports filed with the Securities and Exchange
Commission.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150618006445/en/
Williams Partners L.P.Media Contact:Tom Droege,
918-573-4034orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
Williams Partners (NYSE:WPZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Williams Partners (NYSE:WPZ)
Historical Stock Chart
From Apr 2023 to Apr 2024
Real-Time news about Williams Partners, L.P. Common Units Representing Limited Partner Interests (delisted) (New York Stock Exchange): 0 recent articles
More Williams Partners, L.P. Common Units Representing Limited Partner Interests News Articles