LyondellBasell Announces Plans for NGL Fractionation at Corpus Christi


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


LyondellBasell (NYSE: LYB) announcedthe signing of agreements with TexStar MidStream Services, LP under whichTexStar will install two natural gas liquids (NGL) fractionation unitsadjacent to the Corpus Christi, Texas, plant of LyondellBasell affiliateEquistar Chemicals LP.The fractionation units will be capable of processing a combined 63,000barrels per day of NGLs produced from the Eagle Ford shale into ethane,propane, butanes and natural gasoline.  Equistar will operate thefractionators for TexStar and will provide various utilities to the facilityfrom its adjacent Corpus Christi olefins facility.  In addition, Equistar willpurchase ethane and propane produced from the units under a long-termagreement.  The NGLs will be used as feedstocks for Equistar's olefins unit toproduce ethylene and propylene.The fractionators will be located on a 40-acre site owned by Equistar andleased to TexStar.  Construction will commence in April 2013 with startupprojected for late 2013.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: News