Phillips 66 breaks ground on new LPG export terminal, NGL fractionator
Phillips 66 is now constructing new projects to build a natural gas liquids (NGL) fractionator and a liquefied petroleum gas (LPG) export terminal on the Texas Gulf Coast.
Phillips 66 has officially broken ground on new project
s to build a natural gas
liquids (NGL) fractionator and a liquefied petroleum gases
(LPG) export terminal on the Texas Gulf Coast, the company
confirmed on Monday.
The NGL fractionatior, located near Phillips 66's existing refinery
in Sweeny, Texas, is project
ed to have 100,000 bpd of
capacity and is expected to start up in the 2015 third
Meanwhile, the LPG export terminal is being built at
Freeport, Texas. It is planned to launch operations by
mid-2016 with an initial capacity of 4.4 million bbl/month.
The two project
s combined represent an
investment of over $3 billion and are part of a larger
"midstream growth program" for the company.
More than $10 billion in invetment is planned for the overall
midstream program in coming years, according to company