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Phillips 66 Spending $3bn on Two Plants

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Phillips 66’s board of directors approved a $3 billion investment in two facilities 60 miles south of Houston. According to Fuel Fix, the move represents the company using its refining operations to fund a business transformation toward energy transportation, storage and processing infrastructure. A liquefied petroleum gas (LPG) terminal in Freeport could export 4.4 million […]

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