- Phillips 66 (PSX) receives board approval for $3B in two new midstream growth projects, the Sweeny Fractionator One and the Freeport Liquefied Petroleum Gas Export Terminal.
- Sweeny Fractionator One will be a 100K bbl/day natural gas liquids fractionator supplying NGL products to the petrochemical industry and to heating markets; PSX plans to start up the fractionator in Q3 2015.
- The Freeport LPG Export Terminal will have the capacity to initially export 4.4M bbl/month of LPG when completed in mid-2015, and then will be able to ship NGLs such as propane to international petrochemical, heating and transportation markets.
From other sites
at CNBC.com (Dec 5, 2014)
at CNBC.com (Nov 18, 2014)
at CNBC.com (Nov 13, 2014)
at CNBC.com (Oct 29, 2014)
at CNBC.com (Oct 14, 2014)
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