SOURCE: Industrial Info Resources

Industrial Info Resources

January 16, 2014 06:15 ET

Phillips 66 Makes Billion-Dollar Entry in LPG Export Race, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jan 16, 2014) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Phillips 66 (NYSE:PSX) (Houston, Texas) is making a billion-dollar entry into the race to export liquefied petroleum gas (LPG) from the United States. Global market demand is expected to rise for the next few years, but the export terminal being developed by Phillips 66 faces competition from other domestic competitors who started earlier.

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