HOUSTON, May 21, 2012 – Phillips 66 (NYSE: PSX) today announced that Reliance Industries Limited, India's largest private sector enterprise, has selected Phillips 66’s E-Gas™ Technology for its planned gasification plants at Jamnagar.
Reliance's Jamnagar site is the largest refining complex in the world, with an aggregate refining capacity of 1.3 million barrels of oil per day. The planned gasification plants at Jamnagar will be among the largest in the world and will process petroleum coke and coal into synthesis gas utilizing the E-Gas™ Technology. The synthesis gas will be used as feedstock for a new chemical complex and will fuel the refinery's existing gas turbine power generation units.
“We look forward to this opportunity to work with Reliance on the largest gasification project in the world,” said Rex Bennett, President, Specialties and Business Development at Phillips 66. “Our E-Gas™ Technology will be used to turn petcoke and coal into clean, reliable energy for Reliance’s refinery and petrochemical plant operations.”
Phillips 66 will license its E-Gas™ Technology to Reliance and provide process engineering design and technical support relating to the gasification technology process area.
The E-Gas™ Technology has been utilized in commercial applications since 1987. It incorporates a unique gasification system design that can be applied with gas and steam turbine combined-cycle power generation to produce electric power, as well as synthesis gas applications for the production of hydrogen, chemicals or substitute natural gas in highly flexible combinations. It is among the cleanest and most efficient commercial technologies for coal or petroleum coke-based electric power generation and syngas production. It offers high system efficiencies, minimized water consumption and very low emissions.
About Phillips 66
Headquartered in Houston, Phillips 66 is an advantaged downstream energy company with segment-leading Refining and Marketing (R&M), Midstream and Chemicals businesses. The company has approximately 14,000 employees worldwide. Phillips 66’s R&M operations include 15 refineries with a net crude oil capacity of 2.2 million barrels per day, 10,000 branded marketing outlets, and 15,000 miles of pipeline systems. In Midstream, the company primarily conducts operations through its 50 percent interest in DCP Midstream, LLC, one of the largest natural gas gatherers and processors in the United States, with 7.2 billion cubic feet per day of gross natural gas processing capacity. Phillips 66’s Chemicals business is conducted through its 50 percent interest in Chevron Phillips Chemical Company LLC, one of the world’s top producers of olefins and polyolefins with more than 30 billion pounds of net annual chemicals processing capacity across its product lines. For more information, visit www.phillips66.com.
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Romelia Hinojosa (media)
Clayton Reasor (investors)
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OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
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