Targa Resources Partners announces benzene treating project

Targa Resources Partners subsidiary Targa LSNG LP has executed a long-term contract with Marathon Petroleum Co. to install, own and operate treating equipment to reduce the benzene content of natural gasoline. The new equipment will operate in conjunction with Targa’s existing natural gasoline hydrotreater. The new integrated sulfur and benzene removal facility supports compliance with the EPA mandated reduction of sulfur and benzene levels in motor gasoline. The equipment will be located adjacent to Targa’s Cedar Bayou fractionator, which is currently being expanded in Mont Belvieu, Texas.

"This project is another example of the attractive, fee-based investment opportunities that exist within [Targa’s]downstream business. We are pleased to expand our existing business relationship with Marathon with this new treating service," said Rene Joyce, CEO of Targa Resources.

Targa expects the benzene treating facility to be operational during the fourth quarter of 2011, subject to regulatory approvals.

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