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Phillips 66 Advances Zeus Gas Plant, Third Coastal Bend Fractionator

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Phillips 66 (PSX) said Monday it is proceeding with the development of the Zeus Gas Plant and a third Coastal Bend Fractionator to expand its natural gas operations.

The Zeus project has a 300 million cubic feet per day processing facility alongside a new 45-mile pipeline capable of transporting up to 230 million cubic feet of wellhead gas daily, the company said.

The Coastal Bend project involves a 100,000-barrel-per-day natural gas liquids fractionator in Robstown, Texas, alongside pipeline and water treatment expansions, Phillips 66 said.

Both developments are scheduled to start operations in 2028 and fall within the existing $2 billion to $2.5 billion capital spending budget, it said.

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