Phillips 66 to Undertake $1.5B Expansion of Natural Gas Plant in Southeast Texas

OLD OCEAN, TEXAS — Phillips 66 (NYSE: PSX) will undertake a $1.5 billion expansion of its Sweeny Hub natural gas plant in Old Ocean, about 65 miles southeast of Houston. The project will include the construction of two fractionators capable of producing 150,000 barrels of natural gas per day, as well as additional storage facilities for the fossil fuel and various infrastructural upgrades to pipelines. The new facilities are expected to begin commercial operations in late 2020. Upon completion, the Sweeny Hub will have a fractionator capacity of 400,000 barrels per day and the capacity to store 15 million barrels.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

Webinars on Demand


Subscribe to the newsletter

Read the Digital Editions

Midwest Multfiamily & Affordable Housing Business

Western Multfiamily & Affordable Housing Business

Texas Multfiamily & Affordable Housing Business

Southeast Multfiamily & Affordable Housing Business

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties  

2021 Finance Insight Video Interviews