Sunoco Logistics to build 2.4M barrels of NGL storage in Philadelphia

• Sunoco Logistics Partners (NYSE:SXL) is seeking Pennsylvania approval to build cryogenic tanks that can store up to 2.4M bbl of natural gas liquids at a facility outside of Philadelphia that the company is trying to remake into a manufacturing and export hub, Reuters reports.
• SXL plans to build storage tanks to hold 1.5M barrels of propane, 600K barrels of butane and 300K barrels of ethane, according to a filing with state environmental regulators.
• Earlier this month, SXL discussed the construction of storage tanks at the 800-acre site of the former refinery when announcing it was moving forward with its $2.5B Mariner East 2 pipeline project.