P66 Selling LPG to China

In spite of claims by our local Phillips 66 management that crude feedstock is not a factor in propane production and thus not relevant to the proposed Propane Recovery Project EIR, the following article points to shale (a.k.a Bakken Crude or fracked crude) as a major factor in the proliferation of propane and butane production.  This has led to a deal with a Chinese firm to purchase Phillips 66 LPG products.

Phillips 66 : Riding on shale, US to become top LPG seller to China

A deal between China’s top refiner Sinopec Corp and Phillips 66 could be a game changer that signals the US is on track to become one of the top suppliers of liquefied petroleum gas (LPG) to the world’s second-biggest economy.

… the US shale boom has led to a surge in production of LPG, which is bringing down global prices and challenging established suppliers in the Middle East….

Full article here

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