02 April 2013 17:13 [Source: ICIS news]
HOUSTON (ICIS)--Phillips 66 plans to develop a 100,000 bbl/day natural gas liquids (NGL) fractionator at ?xml:namespace>
Construction of the project, close to Phillips 66's Sweeny refinery, is expected to begin in the first half of 2014, with start-up expected by the second half of 2015, subject to regulatory and other approvals, the company said.
“This project would enable us to take advantage of strong existing midstream transportation and storage infrastructure along with demonstrated operations excellence,” said CEO Greg Garland.
“We see excellent market-facing opportunities to grow the NGL business, and the chance to supply purity NGLs and liquefied petroleum gas (LPG) to the petrochemical industry and heating markets,”
NGL feedstock for the
The project is currently in the engineering design phase, and Phillips 66 is in the process of filing for all applicable permits, it added.
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