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Phillips 66 unveils new gas processing and fractionation projects in Texas (PSX)Phillips 66 (NYSE:PSX) announced plans to develop two new midstream infrastructure projects, including the Zeus Gas Plant and a third Coastal Bend Fractionator, with both facilities expected to begin operations in 2028. New Permian gas plant to expand processing capacityThe Zeus project will consist of a natural gas processing facility capable of handling 300 million cubic feet per day in the Permian Basin.