Phillips 66 to build natural gas liquids fractionator in Texas
April 2 (Reuters) - Phillips 66 plans to set up a 100,000-barrel-per-day natural gas liquids fractionator near its Sweeny refinery in Old Ocean, Texas, to cater to the booming petrochemical industry.
Construction is expected to begin in the first half of 2014, with startup projected by the second half of 2015, the company said on Tuesday.
Abundant supplies of shale gas have resulted in a resurgence in the U.S. chemical industry, and several energy companies are building fractionators, or gas processing plants, to provide feedstock.
The project will create more than 25 full-time jobs, Phillips 66 said.
- Islamic State video purports to show beheading of U.S. journalist |
- Missouri suburb braces for more racial unrest but calm prevails
- 'No' from one Iraq villager triggered Islamic State mass killings |
- Advancing Ukraine troops take fight to heart of pro-Moscow rebellion |
- Islamic State says beheads U.S. journalist, holds another