Phillips 66 (PSX) Advances Zeus Gas Plant and Third Coastal Bend Fractionator to Expand Integrated Midstream Capacity

The Zeus task includes a 300 MMcf/d state processing installation and the caller 45-mile Midland Express/MEX Pipeline, which volition integrate gathering systems and supply accrued operational flexibility. The 3rd Coastal Bend Fractionator, a 100 MBD installation successful Robstown, Texas, volition further heighten the company’s quality to determination NGLs efficiently done its worth chain.

These investments autumn wrong Phillips 66’s existing superior spending guidance and enactment its broader fiscal goals of indebtedness simplification and shareholder returns. By expanding these midstream assets, the institution aims to amended link Permian proviso to cardinal marketplace centers and seizure further worth crossed its integrated network.

Phillips 66 (NYSE:PSX) operates arsenic an integrated downstream vigor supplier crossed the United States, the United Kingdom, Germany, and planetary markets.

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