Latest news with #EPO
Yahoo
3 days ago
- Business
- Yahoo
Enterprise Prices $2.0 Billion Aggregate Principal Amount of Senior Notes
HOUSTON, June 17, 2025--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") today announced that its operating subsidiary, Enterprise Products Operating LLC ("EPO"), has priced a public offering of $2.0 billion aggregate principal amount of notes comprised of (i) $500 million principal amount of senior notes due June 20, 2028 ("Senior Notes LLL"), (ii) $750 million principal amount of senior notes due January 15, 2031 ("Senior Notes MMM"), and (iii) $750 million principal amount of senior notes due January 15, 2036 ("Senior Notes NNN"). Enterprise expects to use the net proceeds of this offering for (i) general company purposes, including for growth capital investments and acquisitions, if any, and (ii) the repayment of debt (including amounts outstanding under EPO's commercial paper program). Senior Notes LLL will be issued at 99.869% of their principal amount and will have a fixed-rate interest coupon of 4.30%. Senior Notes MMM will be issued at 99.816% of their principal amount and will have a fixed-rate interest coupon of 4.60%. Senior Notes NNN will be issued at 99.665% of their principal amount and will have a fixed-rate interest coupon of 5.20%. Enterprise Products Partners L.P. will guarantee the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis. Settlement of the offering is expected to occur on June 20, 2025, subject to the satisfaction of customary closing conditions. Citigroup Global Markets Inc., BBVA Securities Inc., Deutsche Bank Securities Inc., Scotia Capital (USA) Inc. and TD Securities (USA) LLC acted as joint book-running managers for the offering. An investor may obtain a free copy of the prospectus as supplemented for the offering by visiting EDGAR on the SEC website at Alternatively, EPO or any underwriter or dealer participating in this offering will arrange to send a prospectus as supplemented to an investor if requested by contacting Citigroup Global Markets Inc. at 1-800-831-9146, BBVA Securities Inc. at 1-800-422-8692, Deutsche Bank Securities Inc. at 1-800-503-4611, Scotia Capital (USA) Inc. at 1-800-372-3930 or TD Securities (USA) LLC at 1-855-495-9846. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described in this press release, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement, which are part of an effective registration statement. 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. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership's assets currently include more than 50,000 miles of pipelines; over 300 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity. View source version on Contacts Libby StraitInvestor Relations (713) 381-4754 or (866) 230-0745 ecstrait@ Rick Rainey Media Relations (713) 381-3635 rrainey@ Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Business Wire
3 days ago
- Business
- Business Wire
Enterprise Prices $2.0 Billion Aggregate Principal Amount of Senior Notes
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD) ('Enterprise') today announced that its operating subsidiary, Enterprise Products Operating LLC ('EPO'), has priced a public offering of $2.0 billion aggregate principal amount of notes comprised of (i) $500 million principal amount of senior notes due June 20, 2028 ('Senior Notes LLL'), (ii) $750 million principal amount of senior notes due January 15, 2031 ('Senior Notes MMM'), and (iii) $750 million principal amount of senior notes due January 15, 2036 ('Senior Notes NNN'). Enterprise expects to use the net proceeds of this offering for (i) general company purposes, including for growth capital investments and acquisitions, if any, and (ii) the repayment of debt (including amounts outstanding under EPO's commercial paper program). Senior Notes LLL will be issued at 99.869% of their principal amount and will have a fixed-rate interest coupon of 4.30%. Senior Notes MMM will be issued at 99.816% of their principal amount and will have a fixed-rate interest coupon of 4.60%. Senior Notes NNN will be issued at 99.665% of their principal amount and will have a fixed-rate interest coupon of 5.20%. Enterprise Products Partners L.P. will guarantee the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis. Settlement of the offering is expected to occur on June 20, 2025, subject to the satisfaction of customary closing conditions. Citigroup Global Markets Inc., BBVA Securities Inc., Deutsche Bank Securities Inc., Scotia Capital (USA) Inc. and TD Securities (USA) LLC acted as joint book-running managers for the offering. An investor may obtain a free copy of the prospectus as supplemented for the offering by visiting EDGAR on the SEC website at Alternatively, EPO or any underwriter or dealer participating in this offering will arrange to send a prospectus as supplemented to an investor if requested by contacting Citigroup Global Markets Inc. at 1-800-831-9146, BBVA Securities Inc. at 1-800-422-8692, Deutsche Bank Securities Inc. at 1-800-503-4611, Scotia Capital (USA) Inc. at 1-800-372-3930 or TD Securities (USA) LLC at 1-855-495-9846. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described in this press release, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement, which are part of an effective registration statement. 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. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership's assets currently include more than 50,000 miles of pipelines; over 300 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.
Euronews
4 days ago
- Science
- Euronews
Meet the inventors helping farmers keep fruit fresh longer
Each year, over one billion tonnes of food go to waste while hundreds of millions still face hunger. For Ugandan entrepreneurs Sandra Namboozo and Samuel Muyita, this crisis has a personal dimension. Growing up in farming families, they witnessed first-hand how quickly harvested fruit could spoil before reaching markets – leaving farmers with major losses and little return for their hard work. Motivated by this challenge, the pair developed a solution rooted in both science and sustainability. Their invention, a biodegradable sachet made from plant-based compounds, can extend the shelf life of fruit by up to 30 days. This breakthrough has placed them among the top ten selected innovators – called Tomorrow Shapers – of the Young Inventors Prize 2025, awarded by the European Patent Office (EPO). 'What brought us together was the fact that both of us came from an agricultural background,' says Muyita. 'We had identified and related with a problem that was at hand, so it was easy for us to team up and come up with a solution, which is Karpolax.' Their company, Karpolax, uses volatile organic compounds (VOCs) extracted from plants like cloves, lemongrass, eucalyptus and wintergreen to slow the ripening process and protect fruit from mold and bacteria. Unlike conventional synthetic preservatives, these sachets are natural, safe, and designed to release active ingredients gradually and specifically for different fruit types. In pilot tests conducted with Uganda's National Agricultural Research Organization, mangoes stored with the sachets stayed fresh for 33 days – triple the shelf life of untreated ones. The product has since been tested on bananas, apples, and oranges, and new versions are being developed for pineapples, berries, and capsicum. 'It's basically a sachet that we put in fruit boxes during storage or delivery,' Namboozo explains. 'It releases an active ingredient that helps preserve the fruit for an extra 30 days.' The duo met while studying at Makerere University in Kampala and launched Karpolax in 2020. Their vision was clear from the start: make scientific innovation directly useful to the people who need it most. 'Farmers are one of our biggest customer groups,' says Namboozo. 'We wanted to use our knowledge and technical skills to develop something that would not just end on a paper in a lab but really be used by somebody.' By 2023, their product had reached over 100 farmers, 20 exporters, and 250 market vendors. With plans to expand across East Africa—including Kenya and Rwanda—the team is scaling up production and product lines. Their work directly supports the UN Sustainable Development Goals, particularly SDG 2 (Zero Hunger) and SDG 12 (Responsible Consumption and Production), by offering a low-cost, eco-friendly way to reduce food loss and increase farmer incomes. 'Starting from zero, you need to source for that funding yourself,' Muyita recalls. 'We had some supervisors from the university who supported us and made us feel confident that we could succeed.' With growing recognition and real-world impact, their ambition is only increasing. 'Our vision is to be the world's leading fruit and vegetable preservation company,' says Namboozo. And for other young innovators, Muyita offers a simple message of encouragement: 'Believe in yourself. When you believe in yourself, believe in the fact that you have what it takes to make it. You will indeed make it.'
Euronews
5 days ago
- Health
- Euronews
The Colombian innovator turning air pollution into raw materials
Colombia faces one of the most severe air pollution challenges in Latin America, with 99.3% of its population living in areas that exceed World Health Organization guidelines. Against this backdrop, Colombian entrepreneur Mariana Pérez has developed a solution that tackles both environmental and health crises – earning her a place among the top ten innovators in the Young Inventors Prize 2025, awarded by the European Patent Office (EPO). At just 27, Pérez is the founder of Ecol-Air, a startup behind a technology that captures not only carbon dioxide but also nitrogen dioxide and sulphur dioxide – gases linked to respiratory illness. Unlike traditional carbon-capture devices, her system mimics the human respiratory system, using artificial 'bronchioles' and 'alveoli' to absorb pollutants from the air. 'My invention is just like a giant vacuum that captures a volume of air and puts it through this system and breaks down all the contaminants into a tank,' she explains. Installed on chimneys or as free-standing air purification stations, the machine treats polluted air and processes the toxins into biodegradable polymers – materials that can be repurposed into sustainable packaging or industrial components like tiles and bags. 'We can transform the pollutants and contaminants into raw materials that can be used,' says Pérez, 'I decided to create this machine because people ignore that air is as important as water.' Pérez's interest in air quality began when she was just eight years old. 'I remember watching rain wash residue off my dad's car and wondering where all that black dust went,' she recalls. That childhood curiosity grew into a passion for science, leading her to participate in school science fairs and eventually develop early prototypes of the machine that would inspire Ecol-Air. 'There were moments in my journey when I doubted myself,' she admits. 'But I believe all scientists need to realise that, while we can create incredible solutions for the planet, health and people, scaling our projects and turning them into businesses is what gives our inventions a real future. We can't stop at just having an idea; we need to develop it further.' After facing initial scepticism from manufacturers, Pérez offered to install her units for free in large factories to demonstrate their effectiveness. Sumicol was the first to adopt the system commercially, followed by Incolmotos Yamaha. In 2021, the first air treatment plant using her technology opened in Girardota, processing 70 tonnes of air daily with an 82% efficiency rate, according to company data. Now living in New York, Pérez is preparing for global expansion. 'Right now I'm focused on a global expansion because all the world needs to purify air,' she says. 'We are focused on trying to put our machine in large industries. Our invention is in the Commercial Readiness Level9 stage, meaning that it is fully functional, fully operative and, of course, tested, and ready to be adopted by the market.' With her innovation, Pérez is directly addressing multiple UN Sustainable Development Goals, including SDG 3 (Good Health and Well-being), SDG 11 (Sustainable Cities and Communities), and SDG 13 (Climate Action). As one of the EPO's 2025 Tomorrow Shapers, she's helping reshape how we think about pollution: not just as a problem to contain, but as a resource to transform.
Euronews
12-06-2025
- Business
- Euronews
The engineers cleaning up the high seas by trapping ship emissions
The shipping industry moves over 80% of global trade – but it's also responsible for more than 800 million tonnes of CO₂ emissions each year. And while new fuels and ship designs may chart a greener course for the future, they do little to help the vast fleet of existing vessels still on the water today. That's the challenge UK-based engineers Alisha Fredriksson and Roujia Wen set out to solve – and their breakthrough innovation has now earned them a place among the top 10 global selected scientists for the Young Inventors Prize 2025, awarded by the European Patent Office (EPO). Together, Fredriksson, a Swedish-Canadian climate tech entrepreneur, and Wen, a Chinese engineer with a background in AI and applied mathematics, co-founded in the UK Seabound—a startup that has developed a compact, retrofittable carbon capture system for ships. Unlike most industrial carbon capture systems, which require complex onboard storage or high-pressure tanks, Seabound's device captures CO₂ directly from ship exhaust and binds it with a lime-based sorbent, transforming it into solid limestone pellets. The process is simple, safe, and designed to operate on any commercial cargo vessel. 'If you picture a little rock, it's basically like a sponge for CO₂,' explains Fredriksson. 'When the CO₂ passes over the pebble, it soaks it up – and then it's trapped inside that pebble.' The system is modular and scalable. It can be installed in standard shipping containers and powered using heat from the ship's exhaust, requiring minimal additional energy. Once captured, the limestone pellets can be offloaded as ordinary cargo, avoiding the need for specialised port infrastructure. The material can either be sold for use in construction or post-processed to release and reuse the CO₂, allowing the lime to be recycled for future capture cycles. Fredriksson and Wen first met at university and launched Seabound in 2021. Fredriksson had worked in maritime e-fuels, where she saw firsthand the scarcity of captured CO₂ needed for production. Wen's expertise in systems engineering helped them develop a working prototype. 'Initially, people thought it was crazy that we were taking on such a big challenge,' says Wen. 'Until they saw our six-metre-tall prototype actually built. Then they started seeing that it's real – and it's happening.' Their system has since been tested at sea on a commercial cargo vessel, capturing CO₂ at 78% efficiency and sulphur emissions at 90% efficiency, according to Seabound. The technology not only meets environmental targets, but also offers shipowners a cost-effective alternative to replacing entire fleets – a critical bridge solution for the industry. 'Sustainability means building a world that works for both people and the planet,' says Wen. 'Not just for today but for generations to come.' The duo's innovation directly supports UN Sustainable Development Goal 13 (Climate Action), offering a scalable way to slash emissions in one of the hardest-to-abate sectors. Their innovation shows that cleaning up the high seas doesn't have to wait for the future: It can start with the ships already on the water. Ministers and representatives from more than 95 countries called for an ambitious agreement from global plastics treaty negotiations at the UN Ocean Conference (UNOC) on Tuesday. Negotiations for the UN plastics treaty collapsed in late 2024 with nations unable to agree on how best to stop millions of tonnes of plastic from entering the environment each year. The next round of negotiations is due to resume in Geneva, Switzerland, in August. The declaration, dubbed the 'Nice Wake-Up Call', identifies five elements that the signatories say are key to achieving a global agreement that is 'commensurate with what science tells us and our citizens are calling for'. They include a full lifecycle approach, including: plastic production, phasing out chemicals of concern and problematic products, improvements to product design, effective means of implementation, and incorporating provisions that will allow for a treaty that can evolve. 'A treaty that lacks these elements, only relies on voluntary measures or does not address the full lifecycle of plastics will not be effective to deal with the challenge of plastic pollution,' the Nice Wake-Up call reads. French Minister for Ecological Transition Agnes Pannier-Runacher told the ocean summit in Nice that the declaration sends a 'clear and strong message'. More than 200 nations met in South Korea last year for what was meant to be a final round of talks on a landmark agreement to tackle global plastic pollution. But following two years of negotiations, these talks ended without a final treaty after deep divisions formed between countries calling for plastic to be phased out and oil-producing nations. One of the most contentious points was whether there should be a commitment to cut how much plastic is produced or whether waste can be reduced through recycling efforts. Pannier-Runacher told journalists at UNOC on Tuesday that comprehensive measures covering the full lifecycle of plastics are needed. 'Better waste management and recycling will not help solve the problem. This is a lie.' The declaration represents a united front from those countries pushing for an ambitious treaty ahead of the resumed negotiations. Jessica Roswall, EU Commissioner for Environment, Water Resilience and a Competitive Circular Economy, urged countries to approach the resumed negotiations in August 'through dialogue and with willingness to find common ground'. With talks in Nice centred around ensuring oceans are protected, an ambitious plastics treaty is key to this goal. "Every year, over 400 million tonnes of plastic is produced worldwide – one-third of which is used just once,' Secretary-General Antonio Guterres said as UNOC opened on Monday. 'Every day, the equivalent of over 2,000 garbage trucks full of plastic is dumped into our oceans, rivers, and lakes.' Plastic production is expected to triple by 2060, but currently, just 9 per cent is recycled around the world. Around 11 million tonnes of plastic waste finds its way into the ocean each year, and plastic waste makes up 80 per cent of all marine pollution. Andres del Castillo, senior attorney at the Center for International Environmental Law, says the Wake-Up Call should be a 'floor, not a ceiling'. 'For the Global Plastics Treaty to succeed, Member States must move beyond vague promises and define how they are going to deliver, including through clear, legally binding measures and a human rights-based approach. 'Come August in Geneva, political statements will not be enough. We must see Member States stand up to petrostate and fossil fuel interests on the floor of the negotiations. Their actions will speak louder than words.'
