Posted: Nov 1, 2013 4:26 AM
Updated: Nov 1, 2013 4:26 AM
HOUSTON (AP) Phillips 66 plans to build a new terminal in Texas to export liquefied petroleum gas amid the growing international demand for U.S.-made butane and propane.
The Houston-based oil refiner and chemicals company said Thursday that the terminal is in the design phase and final approval is expected early next year. It expects the terminal to be operating by the middle of 2016 and be able to export 4.4 million barrels of liquefied petroleum gas per month.
The terminal will be built on its existing site in Freeport. The liquefied petroleum gas will be supplied from its Old Ocean, Texas, complex.
The Freeport LPG export terminal would be supplied with LPG from the Mont Belvieu area and from Phillips 66's Sweeny complex at Old Ocean.