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Stock impact report

Phillips 66 To Expand Sweeny Hub With 300,000 BPD Of New Fractionation Capacity [Reuters]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Reuters
Phillips 66 (PSX.N) Key Developments | Reuters.com June 13 (Reuters) - Phillips 66 ::PHILLIPS 66 TO EXPAND SWEENY HUB WITH 300,000 BPD OF NEW FRACTIONATION CAPACITY.PHILLIPS 66 - PROJECT IS EXPECTED TO COST UP TO $1.5 BILLION AND BEGIN COMMERCIAL OPERATIONS IN LATE 2020.PHILLIPS 66 - PROJECT INCLUDES CONSTRUCTION OF TWO 150,000 BARREL-PER-DAY (BPD) NATURAL GAS LIQUIDS (NGL) FRACTIONATORS IN OLD OCEAN, TEXAS.PHILLIPS 66 - SUPPLY AGREEMENTS HAVE BEEN SECURED FOR Y-GRADE NGL FEEDSTOCK, INCLUDING AN AGREEMENT WITH DCP MIDSTREAM LP.PHILLIPS 66 - DCP MIDSTREAM LP HAS OPTION TO ACQUIRE UP TO 30 PERCENT OWNERSHIP INTEREST IN NEW FRACTIONATORS.PHILLIPS 66 - UPON COMPLETION OF EXPANSION, SWEENY HUB WILL HAVE 400,000 BPD OF NGL FRACTIONATION CAPACITY.PHILLIPS 66 - UPON COMPLETION OF EXPANSION, SWEENY HUB WILL HAVE ACCESS TO 15 MILLION BARRELS OF TOTAL STORAGE CAPACITY. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching Show less Read more
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