Phillips 66 fractionator would supply petrochemical, heating markets with LP gas

Phillips 66 is pursuing development of a 100,000 barrels-per-day natural gas liquids (NGL) fractionator in Old Ocean, Texas, close to its Sweeny Refinery, the company announced. The project is in the engineering design phase, and the company is in the process of filing for all applicable permits. If approved, construction is expected to begin in the first half of 2014, with startup expected by the second half of 2015. Phillips 66 Chairman and CEO Greg Garland said the project would support the company’s plan to grow its NGL business and supply LP gas to the petrochemical industry and heating markets. Phillips 66 has a long history in the midstream business segment, including NGL gathering, long haul transportation, storage and fractionation.