Natural Gas Liquids Processing Facility to Expand Production.WICHITA, Kan.--(BUSINESS WIRE)--Aug. 18, 1997--Koch Hydrocarbon Co. and Union Pacific Fuels Inc. today announced they will nearly double the production capacity at their Mont Belvieu, Texas Mont Belvieu is a city in Chambers County, Texas, United States. It is just north of Interstate 10 along State Highway 146. The population was 2,324 at the 2000 census. Geography Mont Belvieu is located at (29.860242, -94. , natural gas liquids fractionation fractionation /frac·tion·a·tion/ (frak?shun-a´shun) 1. in radiology, division of the total dose of radiation into small doses administered at intervals. 2. facility. The Mont Belvieu I facility's fractionation capacity is currently 105,000 barrels of natural gas liquids per day, and the expansion will increase the plant's capacity to 200,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. . The Mont Belvieu plant is operated by Koch Hydrocarbon Co., which has an 80% ownership interest in the facility. Union Pacific Fuels Inc. has the remaining 20% ownership interest. "This capacity increase provides expanded capabilities along the Gulf Coast to satisfy our customers' growing needs," said Shelby Odell, president, Koch Hydrocarbon Co. "The expansion fits our growth strategy in the gathering, processing and marketing area," said Don Niemiec, president, Union Pacific Fuels Inc. "We are committed to expanding our interests in natural gas liquids infrastructure to accommodate our continued growth in both gas processing and NGL NGL - A dialect of IGL. production." The project, which is set to be complete by August, 1998, will involve enlarging the plant by just one additional fractionation column. The majority of the capacity increase will be gained by the incorporation of ultra-fractionation tray technology, which has been developed and produced by Koch Engineering Co. "Installing the new ultra-fractionation trays dramatically increases the efficiency of the plant," said Odell. "The improvement in technology lets us nearly double our production without constructing more fractionation towers or expanding onto additional land." Koch Hydrocarbon Co. is a division of Koch Industries Inc., the second-largest privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in the United States. Koch Industries has 13,000 employees worldwide and is involved in virtually all phases of the oil and gas industry, as well as in chemicals, chemical technology products, agriculture, hard minerals, real estate and financial investments. For more information on Koch Industries, refer to Koch's home page at www.kochind.com on the Internet. Union Pacific Fuels Inc. is the wholly owned marketing subsidiary of Union Pacific Resources Group Inc. (NYSE NYSE See: New York Stock Exchange :UPR UPR Upper UPR University of Puerto Rico UPR Universal Periodic Review (UN Human Rights Council) UPR Unia Polityki Realnej (Polish political party) UPR unfolded protein response ). UPR is the nation's largest domestic independent oil and natural gas exploration and production company. Based in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. , Union Pacific Resources has been the nation's No. 1 driller for the last five years. CONTACT: Koch Industries Inc. Jay Rosser, 316/828-7462 or Union Pacific Resources Group Inc. Pat Doyle, 817/877-6527 |
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