Phillips 66 starts 100K-barrels-per-day fractionator in Old OceanPhillips 66 starts 100K-barrels-per-day fractionator in Old Oceanhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=114762015-12-15T06:00:00Z2015-12-14T16:00:00Z

​​​OLD OCEAN - Phillips 66 has started up its natural gas liquids fractionator, which is part of a major investment the Houston-based company is making in the Gulf Coast area.

The 100,000-barrels-per-day fractionator, Sweeny Fractionator One, is at the company’s Sweeny Complex in Old Ocean, about 60 miles southwest of downtown Houston.

The fractionator supplies purity ethane and liquefied petroleum gases to the petrochemical industry and heating markets, and it connects to 250 miles of new pipelines and a multimillion-barrel storage cavern complex.

Once the company’s Freeport LPG Export Terminal is complete in the second half 2016, Phillips 66 also will be able to deliver the liquefied petroleum gases globally.

Phillips 66’s board of directors approved both the fractionator and the 150,000-barrel-per-day terminal in February 2014. Combined, the projects represent an investment of more than $3 billion and will create 70 full-time jobs in addition to 5,500 construction jobs.

The Houston Chronicle reports that a mechanical problem with a furnace delayed the fractionator's startup from its expected date in early October. The Chronicle also reports that weak market conditions delayed plans for a second fractionator, but the final investment decision on that project is expected next year.

Phillips 66 is the Houston-area’s largest public company, based on its 2014 revenue of $164 billion, according to Houston Business Journal research.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2015/12/08/phillips-66-completes-part-of-major-gulf-coast.htmlSource: {Source}

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