20:21:04 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Williams Partners ’ Geismar Base Plant Consistently Producing Ethylene; Full Expanded Production Expected in June

2015-04-24 18:00 ET - News Release


Company Website: http://www.williams.com
TULSA, Okla. -- (Business Wire)

Williams Partners L.P. (NYSE: WPZ) today announced its Geismar, La. olefins plant resumed consistent operations in late March and is expected to produce ethylene at the base plant’s production rate through May. The process to achieve its full expanded production rate will be ongoing through June.

The expanded plant was ramping up when a new transformer that supplied power to a plant expansion compressor unexpectedly failed. The transformer is being repaired at the original manufacturer’s facility. The plant continues to improve production rates due to the ability to use equipment installed as part of the plant’s expansion. The plant’s expanded production rate is expected to be reached shortly after the repaired transformer is re-installed.

Base ethylene production capacity at the plant is 1.35 billion pounds per year and the expanded capacity 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.

The partnership will provide an update on the status of the plant’s operations during a scheduled April 30 investor conference call.

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, home 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 the 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.

Contacts:

Williams Partners L.P.
Media Contact:
Tom Droege, 918-573-4034
or
Investor Contacts:
John Porter, 918-573-0797
or
Brett Krieg, 918-573-4614

Source: Williams Partners L.P.

© 2024 Canjex Publishing Ltd. All rights reserved.