Exactly. EPD boldly stated they have absolutely no plans to move into cracker ownership. They stated they have no interest in jeopordizing their NGL business by going into competition with their customers.
They are however moving forward with a PDH facility, the 2nd in the country behind PDH.
In some ways, EPD's entrance into PDH is a reflection of their success in the nGL business. As more NGL's are produced, usurping naptha as a feedstock, it results in far lower propylene production. EPD is looking to step up and help fill that propylene void with a on purpose PDH facility
As always, EPD manages to squeeze every penny out of their impressive collection of integrated assets and they have the almost unique ability to make markets. A beast that Dan Duncan would be proud of.