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Energy Transfer to Construct Fifth Fractionation Facility at Mont Belvieu

DALLAS--(BUSINESS WIRE)--Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its subsidiary, Lone Star NGL LLC (“Lone Star”), will construct a fifth natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas. Fractionator V, including NGL product infrastructure and a new 3 million barrel y-grade storage cavern, has a total estimated cost of approximately $385 million. The 120,000 barrel per day fractionator is fully subscribed under multiple long-term, fixed-fee contracts and is scheduled to be operational by September of 2018.