Phillips 66 holds interests in three NGL fractionators and gathering systems at important NGL hubs in the United States. Phillips 66 owns 22.5 percent of Gulf Coast Fractionators in Mont Belvieu, Texas. Phillips 66 also owns 12.5 percent of the Enterprise Mont
Belvieu Fractionator and 40 percent of the Conway Fractionator, located at the Conway hub in Kansas. Phillips 66 has announced it is
exploring development of a 100,000 barrel-per-day fractionator to be located in Old Ocean, Texas, close to the company's Sweeny Refinery. If approved, construction is expected to begin in the first half of 2014, with startup expected during the second half of 2015.
In addition to the fractionators, Phillips 66 also owns approximately 240 miles of Y-grade gathering systems in the Texas Panhandle. These systems gather both Y-1 and Y-2 NGL streams for supply to the company's facilities at its joint venture Borger Refinery and the fractionation facilities in Mont Belvieu and Conway.
Phillips 66 Commercial has supply and trading operations that manage NGL volume requirements from Phillips 66 refineries and fractionators. It also conducts trading at the Conway and Mont Belvieu hubs.
In 2012, Phillips 66 acquired direct one-third ownership interests in the Sand Hills and Southern Hills pipeline entities, connecting Eagle Ford, Permian and midcontinent production to the Mont Belvieu, Texas, market.