Seeking Alpha

Phillips 66 to proceed with Cross-Channel Connector project

  • Phillips 66 (PSX) says it will go forward with developing the Cross-Channel Connector project after receiving shipper commitments to utilize the additional capacity.
  • The project will expand the capacity to transport refined petroleum products across the Houston Ship Channel via pipeline.
  • The Connector is expected to have an initial system capacity of up to 180K bbl/day.
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