Monday, January 4, 2010

Targa Resources to expand Cedar Bayou NGL plant at Mont Belvieu

HOUSTON - Targa Resources Partners LP of Houston plans to expand capacity of its majority-owned Cedar Bayou Fractionators LP natural gas liquids fractionation facility at Mont Belvieu, Texas.
The maximum gross fractionation capacity of the facility is to be expanded by 60,000 b/d to 275,000 b/d, increasing the partnership's maximum gross NGL fractionation capacity along the Texas and Louisiana Gulf Coast to 439,000 b/d.
The CBF expansion is to be supported by a long-term firm space fractionation agreement at market-based fees with Oneok Partners LP.
The expansion will increase Targa Resources’ fee-based percentage of operating income, said Rene Joyce, chief executive of the partnership's general partner and of Targa Resources.

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