Phillips 66 (Phillips) has announced that its Freeport LPG export terminal, located in Freeport, Texas, is fully operational. The company loaded its first contracted cargo on the Commander, a very large gas carrier that departed the terminal on 16 December.
“The startup of the Freeport LPG export terminal is the culmination of a four year effort to develop a new US Gulf Coast natural gas liquids (NGL) market hub that also includes Phillips 66 Partners’ 100 000 bpd Sweeny fractionator and 7.5 million bbl Clemens storage facility,” said Greg Garland, chairman and CEO of Phillips 66. “The new liquefied petroleum gas (LPG) export terminal gives customers the ability to place multi-grade LPG products directly into global markets through Port Freeport, which provides immediate blue water access with minimal congestion.”
The Freeport LPG export terminal can simultaneously load two ships with refrigerated propane and butane at a combined rate of 36 000 bbls/hr. Supply is sourced from the Phillips 66 Partners’ Sweeny fractionator and Clemens storage facility, which is connected by pipeline to the Mont Belvieu Hub.
The export facility was developed to satisfy the growing international demand for affordable US NGL. Expecting US production to continue to grow, Phillips 66 is actively evaluating additional NGL fractionation and infrastructure alternatives along the US Gulf Coast.
Read the article online at: https://www.tanksterminals.com/storage-tanks/19122016/phillips-66-freeport-terminal-operational/
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