NGL Fractionation
The final separation step in the natural-gas-liquids chain: a fractionation plant takes the mixed NGL stream that came out of gas processing and splits it into its pure, sellable components -- ethane, propane, normal butane, isobutane, and natural gasoline -- each of which has its own market and price. Fractionation volumes (in barrels per day) measure how much mixed NGL a company separated into purity products. It is a fee-based, toll-like business concentrated at hubs such as Mont Belvieu, Texas, and rising fractionation volumes signal growing NGL production feeding into petrochemical and export demand.
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