August 2, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--As Phillips 66 (NYSE:PSX) (Houston, Texas) approaches the completion of a fourth natural gas liquids fractionator at its Sweeny Hub in Texas, the company is taking on new on projects. However, the company is taking a different tack on some of these, focusing on chemical projects through Chevron Phillips Chemical Company (CPChem) (The Woodlands, Texas), its joint venture with Chevron Corporation (NYS:CVX) (San Ramon, California), as well as a large renewable fuels undertaking in California.