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.
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