31 October 2013 14:23 [Source: ICIS news]
HOUSTON (ICIS)--Phillips 66 intends to develop a liquefied petroleum gas (LPG) export terminal in Freeport, Texas, the US-based energy and logistics major announced on Thursday.
With start-up planned for mid-2016, the proposed facility at Phillips 66’s existing marine terminal would provide 4.4m bbls/month of LPG export capacity, equivalent to eight very large gas carriers (VLGC).
The Freeport LPG export terminal would be supplied with LPG from the Mont Belvieu area and from Phillips 66’s Sweeny complex at Old Ocean, Texas, including its recently announced Sweeny Fractionator 1, which is expected to start up by the second half of 2015.
“We are looking at a rapidly changing energy landscape that presents excellent opportunities in the natural gas liquids (NGL) piece of our midstream business,” said Tim Taylor, executive vice president for Phillips 66 commercial, marketing, transportation and business development.
“A liquefied petroleum gas terminal downstream of our Sweeny complex supports our growth strategy in midstream and builds on our strong record of operating excellence, and there are attractive markets outside of the United States for products like butane and propane,” he added.
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