Phillips 66 (PSX) has partnered with Kanin Energy on a 7-megawatt waste heat-to-power project at its Mewbourn natural gas processing complex in Platteville, Colorado, Kanin Energy said Tuesday.
The project will capture waste heat from gas compression turbines and convert it into onsite baseload power, improving reliability while reducing emissions and energy costs, the company said.
Under the agreement, Kanin Energy will develop, own and operate the facility, delivering a turnkey solution to Phillips 66 with no upfront capital investment.
The project is expected to begin construction later this year and lower long-term power costs and reduce greenhouse gas emissions, it added.