Phoenix Park Gas Processors

What Phoenix Park Gas Processors does

Phoenix Park Gas Processors Limited (PPGPL) is the sole natural gas processing and NGL fractionation operator in the Caribbean. The company processes "wet gas" supplied by Trinidad and Tobago's National Gas Company (NGC) through three cryogenic processing plants with 1,950 mmcfd gas processing capacity, then fractionates the resulting NGLs into propane (C3), butane (C4), and natural gasoline (C5+) at 70,000 barrels per day of fractionation capacity. Six NGL storage tanks provide 1.25 million barrels of inventory, and two marine export terminals handle vessels up to 54,000 cubic meters at industry-leading loading speeds of 10,000 barrels per hour. Formed in May 1989 with operations beginning June 15, 1991, PPGPL is privately held by NGC NGL Company Limited (51%), Trinidad and Tobago NGL Limited (39%), and Pan West Engineers & Constructors LLC (10%).

PPGPL monetizes its position as a transaction fee/merchant operator: it processes NGC's gas, sells LPG to Trinidad and Tobago households as the nation's primary supplier, and exports six million-plus barrels of NGLs annually to Caribbean, European, and African markets. Customers span T&T households (LPG), downstream petrochemical operators receiving redelivered methane and ethane (ammonia, methanol, power generation), Petrotrin (10-year iso-butane supply agreement), and international energy traders and distributors. The wholly owned US subsidiary Phoenix Park Energy Marketing LLC (PPEM), established in 2020 via the Twin Eagle acquisition and expanded with terminals in Hull, Texas (2022) and Rush City, Minnesota, handles NGL trading and rail transportation across Canada, the US, and Mexico. North American volumes grew 21% in 2024, supported by the SIMSA GROUP LOI to scale rail propane deliveries from 300 to 650 cars per month.

PPGPL reported approximately 136% growth in profit after tax in 2024 alongside 17% production improvement and 10% product price improvement, delivering 775,199 barrels to local customers, 3,810,238 barrels to regional markets, and 2,001,335 barrels of natural gasoline internationally. An ancillary revenue stream is international technical and commercial advisory services, exemplified by the 2023 Technical Services Agreement with The Gas Gathering Limited (TGGL) of Ghana. Twenty-one consecutive years of GPA safety awards, two published ESG reports, and 18% energy efficiency improvement since 2023 (with US$1.8M projected savings by end-2025) reflect operational and governance maturity.

Name

Phoenix Park Gas Processors

Legal name

Phoenix Park Gas Processors Limited

Website

https://ppgpl.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Phoenix Park Gas Processors Limited is the sole natural gas processing and NGL fractionation company in the Caribbean, operating cryogenic facilities in Trinidad and Tobago and exporting propane, butane, and natural gasoline globally through its PPEM North American subsidiary.

Ownership category

akta.pro rank

Product category

Natural Gas Processing and NGL Fractionation

NAICS

Oil and Gas Extraction (2111), Pipeline Transportation of Natural Gas (486210), Natural Gas Distribution (221210)

SIC

Oil & Gas Field Services, Nec (1389), Natural Gas Transmisison & Distribution (4923), Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

Gas Processing Plants (Sweetening, Dehydration, NGL Recovery) (EUALACAD)

akta.pro secondary industries

NGL Fractionation (Y-Grade to Purity Products) (EUALACAE), Gas Processing & NGL Recovery (Dehydration, Sweetening, Cryogenic Recovery) (EUALAGAG), NGL/LPG Storage & Fractionation Terminals (TLAGAKAE), Natural Gas Liquids (NGL) / Condensate Field Gathering Systems (TLAGAJAC)

Keywords

• Natural gas processing
• NGL fractionation services
• Cryogenic gas processing
• Propane butane supply
• LPG distribution

Headquarters

HQ city

Couva

HQ country

Trinidad & Tobago

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. NGL Processing and Fractionation: PPGPL processes natural gas supplied by NGC and fractionates NGLs into propane, butane, and natural gasoline products which are stored and marketed to customers
2. Product Sales - Propane, Butane, Natural Gasoline: Marketing and selling of fractionated NGL products via truck tanker wagon or seafaring vessels to domestic, regional, and international customers
3. LPG Supply to Trinidad and Tobago: Primary supplier of liquefied petroleum gas (LPG) to Trinidad and Tobago households, industries, and economic activities
4. PPEM North American Trading: Phoenix Park Energy Marketing LLC sources NGLs in Canada for sale in USA and Mexico, with product trading and transportation via rail
5. Technical Services Export: Providing technical and commercial advisory services internationally, drawing on expertise in process/mechanical engineering, project management, and operations

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

Phoenix Park Gas Processors Limited (PPGPL) operates a cryogenic natural gas processing facility at Point Lisas, Trinidad and Tobago, processing wet gas supplied by NGC into methane, ethane, and natural gas liquids (NGLs). The company fractionates the extracted NGLs into Propane (C3), Butane (C4), and Natural Gasoline (C5+) at a capacity of 70,000 barrels per day, stores them in six tanks totaling 1.25 million barrels, and markets them through marine export terminals, truck tanker wagons, and its North American subsidiary PPEM via rail.

Product overview

Phoenix Park Gas Processors Limited (PPGPL) operates a single unified midstream energy business focused on natural gas processing, NGL fractionation, storage, and marketing. The company's core operations are centered at its Point Lisas facility in Trinidad and Tobago, where it processes natural gas supplied by the National Gas Company (NGC) through three cryogenic gas processing plants. PPGPL fractionates the extracted NGLs into three main products: Propane (C3), Butane (C4), and Natural Gasoline (C5+). These products are stored in six tanks with 1.25 million barrel capacity and marketed through marine export terminals and truck/rail distribution. The company also operates globally through its wholly-owned US subsidiary, Phoenix Park Energy Marketing LLC (PPEM), which acquired NGL terminals in Hull, Texas and Rush City, Minnesota in 2022, enabling NGL trading and transportation across Canada, USA, and Mexico via rail.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Processing Cryogenic processing of 'wet gas' supplied by NGC offshore fields through three owned and operated natural gas processing facilities, separating natural gas liquids from the gas stream. Service is rendered to NGC and downstream industries in Trinidad and Tobago.
• NGL Fractionation Fractionation of recovered NGLs into component streams: Propane (C3), Butane (C4), and Natural Gasoline (C5+). Operates NGL fractionators at 70,000 barrels per day capacity.
• NGL Storage Specialized tank storage of processed NGL products to build inventory until products are shipped. Six NGL storage tanks with combined capacity of 1.25 million barrels.
• NGL Marketing and Sales Marketing and sale of Propane, Butane, and Natural Gasoline to customers via truck tanker wagon and seafaring vessels across domestic, regional, and international markets.
• Propane (C3) Primary NGL product fractionated by PPGPL, sold to domestic, regional, and international markets across the Caribbean, Europe, and Africa.
• Butane (C4) Primary NGL product fractionated by PPGPL, including normal and iso-butane, sold to various industrial customers (including a 10-year iso-butane supply to Petrotrin).
• Natural Gasoline (C5+) Primary NGL product fractionated by PPGPL, exported internationally with approximately 2 million barrels sold annually to international markets including Europe and Africa.
• LPG (Liquefied Petroleum Gas) Primary supplier of LPG (cooking gas) to Trinidad and Tobago households, providing reliable and consistent energy supply across the nation.
• Phoenix Park Energy Marketing LLC (PPEM) North American NGL Trading Wholly-owned US subsidiary of PPGPL engaged in marketing, trading, and transportation of NGLs across Canada, USA, and Mexico via rail. PPEM rail loading capacity at Hull expanded from 28 to 44 railcars per day in 2024.
• Phoenix Park Hull Terminal NGL terminal in Hull, Texas, supporting PPEM's North American NGL storage and rail-to-truck distribution operations.
• Phoenix Park Rush City Terminal

Quantifiable outcome

• 136% growth in profit after tax from 2023
• +9 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• Government of Mexico / Embassy of Mexico in Trinidad and TobagominorGTM or Marketing Partner · 1 February 2025Embassy of Mexico introduced Spanish language program for PPGPL employees as part of ongoing collaboration. Six-week initiative designed to immerse participants in Mexico's history, culture, tourism, and energy sector, fostering cross-cultural understanding and professional development.
• Intersim SA (SIMSA GROUP) - MexicocoreChannel Partner/ Reseller/ Distributor · 9 August 2023PPEM, wholly owned subsidiary of PPGPL, signed non-binding Letter of Intent with SIMSA, Mexico's largest propane distributor and retailer. LOI documents intention to collaborate towards increasing propane rail deliveries from 300 cars/month to 650 cars/month and beyond. SIMSA is a significant current customer of PPEM and operates diversified conglomerate across Mexico.
• The Gas Gathering Limited (TGGL) - GhanacoreStrategic or Co-development Partner · 3 August 2023PPGPL signed Technical Services Agreement with TGGL, a Ghanaian private consortium. PPGPL provides technical and commercial advisory services drawing on expertise in process/mechanical engineering, project management, process operations, and commercial. This is aligned to NGC Group's thrust to globalize operations and follows TGGL's contract with Ghana National Gas Company (GNGC) to build Train 2 of its gas processing facility. TGGL was engaged by TGGL to assist in advisory capacity to bring the project to final investment decision (FID).
• Keyera Energy Inc. - Hull Terminal, TexascoreTechnology or Integration · 1 January 2022PPGPL acquired Hull Terminal in Hull Texas (formerly Keyera Energy Inc. NGL's Terminal) as second acquisition through PPEM, expanding North American NGL storage and logistics capabilities.
• Twin Eagle Liquids Marketing LLC - Houston, TexascoreTechnology or Integration · 1 February 2020PPGPL through PPEM acquired the NGL marketing assets of Twin Eagle Liquids Marketing LLC of Houston Texas. This acquisition established PPEM's business of marketing, trading and transportation of natural gas liquids in Canada, USA and Mexico via rail.
• Interstate Fuel and Energy - Rush City, MinnesotacoreTechnology or IntegrationPPGPL acquired Rush City Terminal in Minnesota (formerly Interstate Fuel and Energy's propane terminal) as third acquisition through PPEM, further expanding propane terminal network in North America.
• NGC NGL Company LimitedcoreOthersParent company holding 51% ownership in PPGPL. NGC is the National Gas Company of Trinidad and Tobago and supplies wet gas to PPGPL for processing. Part of the NGC Group of Companies including TTNGL (39% owner), National Energy Corporation, NGC Green Company Limited, and LABIDCO.
• Trinidad and Tobago NGL Limited (TTNGL)coreOthersShareholder holding 39% ownership in PPGPL. TTNGL is part of the NGC Group of Companies.
• Pan West Engineers & Constructors LLCcoreOthersShareholder holding 10% ownership in PPGPL.
• Union Pacific RailroadminorGTM or Marketing PartnerRailway company that awarded PPEM the Pinnacle Safety Award for chemical transportation safety. PPEM is a customer of Union Pacific for rail logistics in transporting NGLs.
• Canadian National Railway (CN)minorGTM or Marketing PartnerRailway company that awarded PPEM the 2024 CN Safe Handling Award for excellence in safe handling and transportation of regulated products by rail.

Scale indicators14 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• Crestwood Equity Partners: US NGL gathering, processing, and marketing operator with a focus on propane and butane distribution. Comparable to PPEM's NGL trading and rail distribution model in the US Midwest and Gulf.
• Enterprise Products Partners: One of the largest integrated NGL processors, fractionators, and marketers globally, with marine export terminals comparable to PPGPL's Point Lisas facilities. Directly comparable business model spanning gas processing, NGL fractionation, storage, and international marketing.
• Pembina Pipeline Corporation: Canadian midstream company with natural gas processing, NGL fractionation, and marketing operations. Comparable integrated midstream model and similar North American trading orientation to PPGPL/PPEM.
• EnLink Midstream: Integrated NGL midstream operator with natural gas processing, NGL fractionation, and transportation assets in US basins. Similar combination of processing, fractionation, and downstream marketing that PPGPL runs in Trinidad and PPEM runs in North America.
• Targa Resources Corp. US midstream operator with leading NGL gathering, processing, fractionation, and export logistics. Comparable to PPGPL on the core gas processing plus NGL fractionation platform, and to PPEM on the US Gulf Coast NGL export and rail logistics.
• DCP Midstream: US NGL producer with large-scale gas processing, fractionation, and marketing business. Closely aligned with PPGPL's core midstream activities and PPEM's US-based NGL marketing operations.
• ONEOK, Inc. US NGL gathering, processing, fractionation, transportation, and storage operator. Direct comparable in propane/butane fractionation and storage economics, especially relevant as PPEM builds US propane distribution scale.
• Keyera Corp. Canadian NGL gathering, processing, fractionation, storage, and marketing company. Keyera is a direct comparable — PPGPL even acquired Keyera's Hull Terminal in 2022 — with overlapping capabilities in NGL storage, fractionation, and marketing, and similar international trading exposure.

Regional players

• Atlantic LNG: Trinidad and Tobago LNG producer and one of PPGPL's anchor NGL offtake counterparties (ALNG T1/T2/T3 supply referenced in PPGPL's expansion history). Closest regional peer operating at the next stage of the T&T gas value chain.

Broad incumbents

• Williams Companies: Large diversified US midstream operator with extensive gas processing and NGL handling capabilities. Broader portfolio than PPGPL but overlapping in cryogenic gas processing and NGL recovery services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCQlAUnaUH1QQcrD_MkbsfQw
• Facebookfacebook.com/PPGPLtt
• LinkedInlinkedin.com/company/ppgpl
• Instagraminstagram.com/phoenixparkgas

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phoenix Park Gas Processors