Phillips 66 (PSX) said that it is proceeding with an expansion of the company’s Sweeny Hub. This project includes the construction of two 150,000 barrel-per-day (bpd) natural gas liquids (NGL) fractionators in Old Ocean, Texas. Additional NGL storage capacity, and associated pipeline infrastructure. The project is expected to cost up to $1.5 billion and begin commercial operations in late 2020.
Supply agreements have been secured for Y-grade NGL feedstock, including an agreement with DCP Midstream LP (DCP) which has an option to acquire up to a 30 percent ownership interest in the new fractionators.
The Sweeny Hub currently has 100,000 bpd of fractionation capacity through Phillips 66 Partners’ Sweeny Fractionator One, 200,000 bpd of LPG export capability, and access to 9 million barrels of gross NGL storage capacity at the nearby Phillips 66 Partners’ (PSXP) Clemens Caverns.
Upon completion of the expansion, the Sweeny Hub will have 400,000 BPD of NGL fractionation capacity and access to 15 million barrels of total storage capacity. The expansion is expected to result in more than 25 new full-time jobs and approximately 2,000 construction-related jobs in Brazoria County.
Phillips 66 (PSX) said that it is proceeding with an expansion of the company’s Sweeny Hub. This project includes the construction of two 150,000 barrel-per-day (bpd) natural gas liquids (NGL) fractionators in Old Ocean, Texas. Additional NGL storage capacity, and associated pipeline infrastructure. The project is expected to cost up to $1.5 billion and begin commercial operations in late 2020.
Supply agreements have been secured for Y-grade NGL feedstock, including an agreement with DCP Midstream LP (DCP) which has an option to acquire up to a 30 percent ownership interest in the new fractionators.
The Sweeny Hub currently has 100,000 bpd of fractionation capacity through Phillips 66 Partners’ Sweeny Fractionator One, 200,000 bpd of LPG export capability, and access to 9 million barrels of gross NGL storage capacity at the nearby Phillips 66 Partners’ (PSXP) Clemens Caverns.
Upon completion of the expansion, the Sweeny Hub will have 400,000 BPD of NGL fractionation capacity and access to 15 million barrels of total storage capacity. The expansion is expected to result in more than 25 new full-time jobs and approximately 2,000 construction-related jobs in Brazoria County.
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