Flowing refined petroleum products via the Sweeny to Pasadena system
The Phillips 66 Partners (PSXP) Sweeny to Pasadena products system is strategically positioned to transport refined petroleum products from Phillips 66’s (PSX) Sweeny refinery in Old Ocean, Texas, to major third-party interstate pipeline systems. These include the Explorer and Colonial refined petroleum product pipeline systems.
The Explorer and the Colonial are major interstate pipeline systems “that transport refined petroleum products from the Gulf Coast to marketing terminals throughout the midwestern, southeastern and northeastern regions of the United States.”
The Sweeny to Pasadena products system is made up of the following assets:
- Sweeny to Pasadena pipelines – These two pipelines deliver gasoline and diesel from the Sweeny refinery to PSXP’s Pasadena terminal, as well as a pump station located at the Sweeny refinery. The gasoline pipeline has a total capacity of 156,000 barrels per day, or bpd, and the diesel pipeline has a total capacity of 168,000 bpd. Pumping restrictions, however, currently limit the capacity of the gasoline and diesel pipelines to 125,000 bpd and 138,000 bpd, respectively.
- Pasadena terminal – The terminal delivers refined petroleum products, including distillates and gasoline, to third-party pipeline systems. These include the Explorer, Colonial, Enterprise (EPD), Chevron (CVX), Magellan Midstream (MMP), and Kinder Morgan (KMI) refined petroleum product pipeline systems. The Pasadena also delivers these products to local terminals.
PSXP is a component of the Global X MLP & Energy Infrastructure ETF (MLPX) and the First Trust North American Energy Infrastructure Fund (EMLP). PSX is a component of the Energy Select Sector SPDR Fund (XLE) and the Vanguard Energy ETF (VDE).
In the next part of this series, you’ll learn about PSXP’s final pipeline asset.