Phillips 66 Approves Funding for Two Midstream Projects in Southeast Texas – $3 Billion

Projects Will Create 50 Full-Time and 1,000 Temporary Construction Jobs
Sweeny, TX Refinery Phillips 66

Sweeny, TX Refinery Phillips 66 | Click to Enlarge

Funding for two Southeast Texas midstream projects was approved in early February 2014 by Phillips 66’s board of directors. Costs for the construction of a fractionator in Old Ocean, TX, announced in August of 2013, and a liquefied petroleum gas export terminal in Freeport, TX, are an estimated $3 billion combined.

According to Phillip’s 66, the projects will create more than 50 full-time jobs and over 1,000 temporary construction jobs.

Read morePhillips 66 Plans Gulf Coast Fractionator

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Martin Midstream LPG Plant Planned at the Port of Corpus Christi – Video

Plant Will Cost $550 Million & Employ Hundreds During Construction

Martin Midstream has purchased the last available Port of Corpus Christi property on Harbor Island.

The company will construct a $550 million LPG plant on the 245 acre property. The facility could be completed in the next three years and will employ hundreds during construction and 50 full-time positions once completed. Add those to the already booming Eagle Ford jobs market. [Read more…]