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Chemical Week Magazine :: Business & Finance :: United States/Americas

Phillips 66 to proceed with $3 billion in NGL projects

11:43 AM MST | February 24, 2014 | —Clay Boswell

Phillips 66’s board has approved the Sweeny Fractionator One project, which will produce purity natural gas liquids; and the Freeport, TX, liquefied petroleum gas (LPG) export terminal. The combined investment exceeds $3 billion. “Given the anticipated growth in natural gas liquids production, we see substantial advantages in having fractionation and export facilities on the Gulf Coast outside of Mont Belvieu[, TX],” says Tim Taylor, executive v.p./commercial, marketing, transportation, and business development. The 100,000-bbl/day fractionator...

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