Houston-based downstream energy company Phillips 66 announced Tuesday it is currently filing permits for the construction of a 100,000 barrel-per-day (bpd) natural gas liquids (NGL) fractionator near its Sweeny Refinery in Old Ocean, Texas.
The project would create 25 full-time jobs and hundreds of temporary construction jobs, Phillips 66 said. If approved, construction would begin in early 2014 with startup expected by the second half of 2015.
“This project would enable us to take advantage of strong existing midstream transportation and storage infrastructure along with demonstrated operations excellence,” said Phillips 66 Chairman and CEO Greg Garland. “We see excellent market-facing opportunities to grow the natural gas liquids business, and the chance to supply purity NGLs and liquefied petroleum gas to the petrochemical industry and heating markets.”
NGL feedstock for the Old Ocean fractionator project would be supplied by several nearby pipelines avoiding the Mont Belvieu congestion, and purified products produced by the fractionator would be marketed primarily to petrochemical customers in the region with access to Mont Belvieu, the company said.
Phillips 66 also owns fractionation capacity at the Gulf Coast Fractionators (GCF) and Enterprise fractionators in Mont Belvieu, Texas, as well as the Conway fractionator in Kansas.