Phillips 66 has announced that its LPG export terminal located at Freeport in Texas has become fully operational.
Last week, this Freeport LPG Export Terminal loaded the first contracted cargo on a gas carrier.
Phillips 66 chairman and CEO Greg Garland said: “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, which also includes Phillips 66 Partners’ 100,000 barrel-per-day Sweeny fractionator and 7.5 million barrel Clemens storage facility.
“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 newly built terminal is capable to load two cargo ships with refrigerated propane and butane concurrently at a combined rate of 36,000 barrels per hour.
This Freeport LPG export terminal procures the supplies from the Phillips 66 Partners’ Sweeny fractionator and Clemens storage facility. It is connected with the Mont Belvieu Hub through a pipeline.
The terminal facility was developed to fulfil the growing need of US natural gas liquids (NGL) globally.
As US production is expected to grow further, the company intends to add NGL fractionation and develop further infrastructure across the Gulf Coast.
Headquartered in Houston, Phillips 66 processes, stores and transports fuels and products globally. The company employs around 14,000 people.
Image: Aerial view of the