Phillips 66 on Feb. 7 received approval from its board of directors to move forward with both its Sweeny Fractionator One and Freeport Liquefied Petroleum Gas (LPG) Export Terminal. “Given the anticipated growth in natural gas liquids production, we see substantial advantages in having fractionation and export facilities on the Gulf Coast outside of Mont Belvieu," said Tim Taylor, executive vice president, Phillips 66 Commercial, Marketing, Transportation and Business Development.
The Sweeny Fractionator One will be located in Old Ocean, Texas, close to the company’s Sweeny Refinery, and will supply purity natural gas liquids (NGL) products to the petrochemical industry and heating markets. Y-grade (mixed NGL) supply to the fractionator will come from nearby major pipelines, including the recently completed Sand Hills Pipeline, in which Phillips 66 owns a direct one-third interest. The 100,000 barrel-per-day NGL fractionator is expected to start up in the third quarter of 2015.
The Freeport LPG Export Terminal will be located at the site of the company’s existing marine terminal in Freeport, Texas. The terminal will have an initial export capacity of 4.4 million barrels per month. Startup of the export terminal is expected in mid-2016.