June 19, 2018
Phillips 66 announced it will proceed on the expansion of its Sweeny Hub on Farm-to-Market Road 524 in Old Ocean, TX. The energy manufacturing and logistics company will spend $1.5 billion on building two 150,000 barrel-per-day (BPD) natural gas liquid fractionators, along with additional storage capacity and pipeline infrastructure. The project is anticipated to begin commercial operations in late 2020.
“The Sweeny Hub is strategically positioned to provide fractionation capacity for rapidly-growing Permian Basin natural gas liquids (NGL) production and access to U.S. Gulf Coast petrochemical, fuels and LPG export markets,” said Phillips 66’s Greg Garland.
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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