Phillips 66 Co. placed its Freeport LPG export terminal in full service, fulfilling part of its initiative to respond to growing international demand for U.S. NGLs.
The export terminal is capable of simultaneously loading two ships carrying refrigerated propane and butane at a combined rate of 36,000 barrels per hour, according to a Dec. 16 news release. The supply comes from Phillips 66 Partners LP's 100,000 barrel-per-day Sweeny fractionator and the 7.5 MMbbl Clemens storage facility connected to the Mont Belvieu hub.
The company shipped its first contracted cargo on the same day, Phillips 66 said in the release.
"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," said Greg Garland, chairman and CEO of Phillips 66.