{"id":15922,"date":"2023-03-29T11:16:56","date_gmt":"2023-03-29T16:16:56","guid":{"rendered":"https:\/\/www.phillips66.com\/?p=15922"},"modified":"2024-11-19T12:42:18","modified_gmt":"2024-11-19T18:42:18","slug":"phillips-66-bolsters-ngl-value-chain","status":"publish","type":"post","link":"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/","title":{"rendered":"<span class=\"nowrap\">Phillips 66<\/span> bolsters NGL value chain \u2018from wellhead to market\u2019"},"content":{"rendered":"\n<p>Growing global demand for natural gas liquids and chemicals is underpinning Phillips 66\u2019s investments, including its integration of DCP Midstream, Executive Vice President of Midstream and Chemicals Tim Roberts said at the recently held World Petrochemical Conference in Houston.<\/p>\n\n\n\n<p>\u201cThis is an opportunity for us to build a full value chain to compete from wellhead to market,\u201d Roberts said. \u201cNow we can pick up a barrel from a producer and take it to Asia, Europe or Baytown, Texas.\u201d<\/p>\n\n\n\n<p>Roberts spoke on a keynote panel that headlined a feedstocks and refining integration track. The integration of DCP Midstream, a major processor of natural gas and one of the largest U.S. producers and marketers of NGLs, bolsters Phillips 66\u2019s already strong position in the latter. NGLs, which include ethane, propane, butane and pentanes, are in-demand hydrocarbons for petrochemical production, home heating and cooking and fuel-blending. On the chemicals side, Chevron Phillips Chemical, Phillips 66\u2019s joint venture with Chevron, is pursuing world-class projects in the Gulf Coast region and Qatar.<\/p>\n\n\n\n<p>On the topic of lower-carbon opportunities, Roberts said Phillips 66 continues to study how to best leverage its core assets and expertise to potentially capture and sequester carbon dioxide, as well as produce hydrogen.<\/p>\n\n\n\n<p>\u201cWe&#8217;re in the molecule management business,\u201d he said. \u201cWe\u2019re the logical entity to handle and produce them. We see the refining structure and the midstream space supporting those efforts.\u201d<\/p>\n\n\n\n<p>Roberts noted that pipelines are the safest form of transportation for hydrogen and CO<sub>2<\/sub>, so there will be opportunities to convert underutilized infrastructure.<\/p>\n\n\n\n<p>He is optimistic about NGL growth in the Permian Basin, where producers continue to optimize their acreage and where DCP Midstream has a strong presence.<\/p>\n\n\n\n<p>While demand for liquid hydrocarbons will exist for a long time, companies such as Phillips 66 want to be part of a lower-carbon energy future.<\/p>\n\n\n\n<p>\u201cWe\u2019re looking for solutions,\u201d said Roberts, who advocated for working constructively with government administrations and regulators on the path forward. \u201cWe believe we\u2019re the right company and the right industry to bring those solutions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Midstream and Chemicals EVP Tim Roberts highlights the benefits of adding DCP Midstream to the Phillips 66 portfolio.<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","widen_thumbnail_url":"https:\/\/phillips66.widen.net\/content\/p3m1n4yss7\/jpeg\/23-0003_13_Tim%20Roberts%20WPC3%20dotcom%20thumbnail.jpeg?keep=c&crop=yes&color=ffffffff&quality=54&u=e9zx35","widen_thumbnail_width":"2048","widen_thumbnail_height":"1024","psx_hero_image_url":"https:\/\/phillips66.widen.net\/content\/v7gefssh9y\/jpeg\/23-0003_13_Tim%20Roberts%20WPC%20dotcom.jpeg?keep=c&crop=yes&color=ffffffff&quality=54&u=e9zx35","psx_hero_image_width":"2048","psx_hero_image_height":"640","psx_hero_image_mobile_url":"https:\/\/phillips66.widen.net\/content\/p3m1n4yss7\/jpeg\/23-0003_13_Tim%20Roberts%20WPC3%20dotcom%20thumbnail.jpeg?keep=c&crop=yes&color=ffffffff&quality=54&u=e9zx35","psx_hero_image_mobile_width":"undefined","psx_hero_image_mobile_height":"undefined","psx_byline":"Bill Zander"},"categories":[7],"class_list":["post-15922","post","type-post","status-publish","format-standard","hentry","category-midstream"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strengthening the NGL Value Chain | Phillips 66<\/title>\n<meta name=\"description\" content=\"Phillips 66 strengthens the NGL value chain with a focus on petrochemicals, hydrogen production and lower-carbon opportunities. Discover our innovations!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phillips 66 bolsters NGL value chain \u2018from wellhead to market\u2019\" \/>\n<meta property=\"og:description\" content=\"Phillips 66 strengthens the NGL value chain with a focus on petrochemicals, hydrogen production and lower-carbon opportunities. Discover our innovations!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/\" \/>\n<meta property=\"og:site_name\" content=\"Phillips 66\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Phillips66Co\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-29T16:16:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-19T18:42:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.phillips66.com\/wp-content\/uploads\/sites\/2\/2023\/05\/BAYWAYSTILLS0060.png\" \/>\n\t<meta property=\"og:image:width\" content=\"959\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tristan Babin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@phillips66co\" \/>\n<meta name=\"twitter:site\" content=\"@phillips66co\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tristan Babin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/\"},\"author\":{\"name\":\"Tristan Babin\",\"@id\":\"https:\/\/www.phillips66.com\/#\/schema\/person\/b4f1355bd989dfad11016abd0a1566d6\"},\"headline\":\"Phillips 66 bolsters NGL value chain \u2018from wellhead to market\u2019\",\"datePublished\":\"2023-03-29T16:16:56+00:00\",\"dateModified\":\"2024-11-19T18:42:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/\"},\"wordCount\":349,\"publisher\":{\"@id\":\"https:\/\/www.phillips66.com\/#organization\"},\"articleSection\":[\"Midstream\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/\",\"url\":\"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/\",\"name\":\"Strengthening the NGL Value Chain | Phillips 66\",\"isPartOf\":{\"@id\":\"https:\/\/www.phillips66.com\/#website\"},\"datePublished\":\"2023-03-29T16:16:56+00:00\",\"dateModified\":\"2024-11-19T18:42:18+00:00\",\"description\":\"Phillips 66 strengthens the NGL value chain with a focus on petrochemicals, hydrogen production and lower-carbon opportunities. Discover our innovations!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.phillips66.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Phillips 66 bolsters NGL value chain \u2018from wellhead to market\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.phillips66.com\/#website\",\"url\":\"https:\/\/www.phillips66.com\/\",\"name\":\"Phillips 66\",\"description\":\"Corporate Home of Phillips 66\",\"publisher\":{\"@id\":\"https:\/\/www.phillips66.com\/#\/schema\/Organization\/1\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.phillips66.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.phillips66.com\/#\/schema\/Organization\/1\",\"name\":\"Phillips 66\",\"url\":\"https:\/\/www.phillips66.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.phillips66.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.phillips66.com\/wp-content\/themes\/phillips66\/dist\/images\/psx-android-chrome-192.png\",\"contentUrl\":\"https:\/\/www.phillips66.com\/wp-content\/themes\/phillips66\/dist\/images\/psx-android-chrome-192.png\",\"width\":192,\"height\":192,\"caption\":\"Phillips 66\"},\"image\":{\"@id\":\"https:\/\/www.phillips66.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/phillips66co\",\"https:\/\/www.instagram.com\/phillips66co\",\"https:\/\/www.facebook.com\/Phillips66Co\",\"https:\/\/www.youtube.com\/@Phillips66Co\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Strengthening the NGL Value Chain | Phillips 66","description":"Phillips 66 strengthens the NGL value chain with a focus on petrochemicals, hydrogen production and lower-carbon opportunities. Discover our innovations!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/","og_locale":"en_US","og_type":"article","og_title":"Phillips 66 bolsters NGL value chain \u2018from wellhead to market\u2019","og_description":"Phillips 66 strengthens the NGL value chain with a focus on petrochemicals, hydrogen production and lower-carbon opportunities. Discover our innovations!","og_url":"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/","og_site_name":"Phillips 66","article_publisher":"https:\/\/www.facebook.com\/Phillips66Co\/","article_published_time":"2023-03-29T16:16:56+00:00","article_modified_time":"2024-11-19T18:42:18+00:00","og_image":[{"width":959,"height":640,"url":"https:\/\/www.phillips66.com\/wp-content\/uploads\/sites\/2\/2023\/05\/BAYWAYSTILLS0060.png","type":"image\/png"}],"author":"Tristan Babin","twitter_card":"summary_large_image","twitter_creator":"@phillips66co","twitter_site":"@phillips66co","twitter_misc":{"Written by":"Tristan Babin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Article","BlogPosting"],"@id":"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/#article","isPartOf":{"@id":"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/"},"author":{"name":"Tristan Babin","@id":"https:\/\/www.phillips66.com\/#\/schema\/person\/b4f1355bd989dfad11016abd0a1566d6"},"headline":"Phillips 66 bolsters NGL value chain \u2018from wellhead to market\u2019","datePublished":"2023-03-29T16:16:56+00:00","dateModified":"2024-11-19T18:42:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/"},"wordCount":349,"publisher":{"@id":"https:\/\/www.phillips66.com\/#organization"},"articleSection":["Midstream"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/","url":"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/","name":"Strengthening the NGL Value Chain | Phillips 66","isPartOf":{"@id":"https:\/\/www.phillips66.com\/#website"},"datePublished":"2023-03-29T16:16:56+00:00","dateModified":"2024-11-19T18:42:18+00:00","description":"Phillips 66 strengthens the NGL value chain with a focus on petrochemicals, hydrogen production and lower-carbon opportunities. Discover our innovations!","breadcrumb":{"@id":"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.phillips66.com\/"},{"@type":"ListItem","position":2,"name":"Phillips 66 bolsters NGL value chain \u2018from wellhead to market\u2019"}]},{"@type":"WebSite","@id":"https:\/\/www.phillips66.com\/#website","url":"https:\/\/www.phillips66.com\/","name":"Phillips 66","description":"Corporate Home of Phillips 66","publisher":{"@id":"https:\/\/www.phillips66.com\/#\/schema\/Organization\/1"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.phillips66.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.phillips66.com\/#\/schema\/Organization\/1","name":"Phillips 66","url":"https:\/\/www.phillips66.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.phillips66.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.phillips66.com\/wp-content\/themes\/phillips66\/dist\/images\/psx-android-chrome-192.png","contentUrl":"https:\/\/www.phillips66.com\/wp-content\/themes\/phillips66\/dist\/images\/psx-android-chrome-192.png","width":192,"height":192,"caption":"Phillips 66"},"image":{"@id":"https:\/\/www.phillips66.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/phillips66co","https:\/\/www.instagram.com\/phillips66co","https:\/\/www.facebook.com\/Phillips66Co","https:\/\/www.youtube.com\/@Phillips66Co"]}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Phillips 66 bolsters NGL value chain \u2018from wellhead to market\u2019","url":"http:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.phillips66.com\/newsroom\/phillips-66-bolsters-ngl-value-chain\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Midstream","author":[{"@type":"Person","name":"Tristan Babin"}],"creator":["Tristan Babin"],"publisher":{"@type":"Organization","name":"Phillips 66","logo":"https:\/\/www.phillips66.com\/wp-content\/uploads\/sites\/2\/2022\/08\/cropped-icon-512.png"},"keywords":[],"dateCreated":"2023-03-29T16:16:56Z","datePublished":"2023-03-29T16:16:56Z","dateModified":"2024-11-19T18:42:18Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Phillips 66 bolsters NGL value chain \\u2018from wellhead to market\\u2019\",\"url\":\"http:\\\/\\\/www.phillips66.com\\\/newsroom\\\/phillips-66-bolsters-ngl-value-chain\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.phillips66.com\\\/newsroom\\\/phillips-66-bolsters-ngl-value-chain\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"Midstream\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tristan Babin\"}],\"creator\":[\"Tristan Babin\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"Phillips 66\",\"logo\":\"https:\\\/\\\/www.phillips66.com\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/08\\\/cropped-icon-512.png\"},\"keywords\":[],\"dateCreated\":\"2023-03-29T16:16:56Z\",\"datePublished\":\"2023-03-29T16:16:56Z\",\"dateModified\":\"2024-11-19T18:42:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/phillips66.com\/p.js"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.phillips66.com\/wp-json\/wp\/v2\/posts\/15922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.phillips66.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.phillips66.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.phillips66.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.phillips66.com\/wp-json\/wp\/v2\/comments?post=15922"}],"version-history":[{"count":2,"href":"https:\/\/www.phillips66.com\/wp-json\/wp\/v2\/posts\/15922\/revisions"}],"predecessor-version":[{"id":15924,"href":"https:\/\/www.phillips66.com\/wp-json\/wp\/v2\/posts\/15922\/revisions\/15924"}],"wp:attachment":[{"href":"https:\/\/www.phillips66.com\/wp-json\/wp\/v2\/media?parent=15922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.phillips66.com\/wp-json\/wp\/v2\/categories?post=15922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}