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LyondellBasell
LYB announced
the signing of agreements with TexStar MidStream Services, LP under which
TexStar will install two natural gas liquids (NGL) fractionation units
adjacent to the Corpus Christi, Texas, plant of LyondellBasell affiliate
Equistar Chemicals LP.
The fractionation units will be capable of processing a combined 63,000
barrels per day of NGLs produced from the Eagle Ford shale into ethane,
propane, butanes and natural gasoline. Equistar will operate the
fractionators for TexStar and will provide various utilities to the facility
from its adjacent Corpus Christi olefins facility. In addition, Equistar will
purchase ethane and propane produced from the units under a long-term
agreement. The NGLs will be used as feedstocks for Equistar's olefins unit to
produce ethylene and propylene.
The fractionators will be located on a 40-acre site owned by Equistar and
leased to TexStar. Construction will commence in April 2013 with startup
projected for late 2013.
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