Phillips Refinery Expansion Reaches Halfway Point; Project Will Provide More Gasoline to American Motorists.Business Editors BARTLESVILLE, Okla.--(BUSINESS WIRE)--June 20, 2001 A 170-foot crude oil 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. tower erected yesterday above the plains of the Texas Panhandle marks the halfway point of a major expansion project at Phillips Petroleum Company's (NYSE NYSE See: New York Stock Exchange :P) Borger, Texas Borger is a city in Hutchinson County, Texas, United States. The population was 14,302 at the 2000 census. History The city of Borger is named after its founder, A. P. (Ace) Borger, who had a reputation throughout Oklahoma and Texas as a shrewd town promoter. , refinery. When the expansion is completed in early 2002, the refinery will have the capacity to process 20,000 more barrels of crude oil per day, making more gasoline available to American motorists. The Borger refinery is one of Phillips' largest operating facilities, currently processing 130,000 barrels of crude oil per day and producing 81,000 barrels -- the equivalent of 3.4 million gallons -- of gasoline daily. The expansion project will increase the refinery's gasoline production by more than 200,000 gallons per day, enough to fill the tanks of nearly 14,000 automobiles. The project also will increase the refinery's production of low-sulfur diesel fuel by approximately 500,000 gallons per day. "This type of project helps us achieve our mission as an efficient supplier of fuels to the Front Range of the Rockies and the upper Midwest The Upper Midwest is a region of the United States with no universally agreed-upon boundary, but it almost always lies within the US Census Bureau's definition of the Midwest and includes the states of Minnesota and Wisconsin, as well as at least the Upper Peninsula of Michigan. ," said Thurman Nance, general manager of the Borger refinery. Another recently completed construction project at the Borger refinery utilizes Phillips' S Zorb Sulfur Removal Technology to significantly reduce the sulfur content in gasoline, which helps vehicles emit fewer pollutants pollutants see environmental pollution. into the atmosphere. "Phillips is continuing to play a proactive role in providing a greater supply of gasoline to the market, while fulfilling our commitment to producing a cleaner, more environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] product," said Mike Panatier, executive vice president of refining, marketing and transportation. Phillips is an integrated petroleum company with interests around the world. Headquartered in Bartlesville, Okla., the company had 12,200 employees, $20.7 billion of assets and $19.6 billion of annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues as of March 31, 2001. For photos of the lift, go to www.phillips66.com/newsroom/images&charts/borgerlift.htm. |
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