Phoenix Park celebrates Hull terminal dedication

Phoenix Park Energy Marketing LLC (PPEM), a wholly owned subsidiary of Phoenix Park Gas Processors Ltd. (PPGPL), hosted a dedication ceremony for its newly acquired natural gas liquids terminal in Hull, Texas. Phoenix Park acquired the terminal early this year.

Phoenix Park Energy Marketing (PPEM) hosted a dedication ceremony for its newly acquired NGL terminal located in Hull, Texas. (Photo courtesy of PPEM)

The event, attended by the company’s key external stakeholders and employees, was held at the rebranded Phoenix Park Hull Terminal facility.

Eric Thaxton, mayor of the city of Daisetta, Texas, welcomed the company into the Hull community as he participated in the ribbon-cutting and unveiling of the plaque to officially mark the company’s completion of the acquisition. The mayor expressed his anticipation of the company’s integration into the community through its community engagement program.

In his feature remarks, Conrad Enill, chairman of PPGPL, commended the team that worked on the company’s second North American acquisition in two years, saying that “while the board has provided leadership and resources, it’s the efforts of the employees that must be applauded.”

“Phoenix Park 4.0 is envisioned to be a fully integrated business that is invested along the energy value chain,” Enill said. In doing so, he said, it will focus on sustainability across all areas of business. He stressed that “the company’s continued growth will redound directly to the benefit of its shareholders, customers and its fence-line communities.”

PPEM President Donnie Schubert shared the company’s plans to grow the terminal.

“With this terminal, PPEM can access and aggregate LPG supply to sustain and grow its markets in Mexico and the U.S.,” he said.

The terminal has a maximum capacity of 16 rail cars per day (14,000 barrels per day); K1/K2 pipelines, which connect the facility to its supply sources in Beaumont and Mont Belvieu, Texas; over 40 acres on which the terminal sits and an additional 350 acres of adjacent land.

The company says it plans to increase to 22 rail cars per day by April 2023 and to 44 rail cars thereafter – with the engineering and operations teams in the advanced stages of planning for the expansions.