Who is Phoenix Park Gas Processors Limited?
As part of the thrust into diversifying the natural gas sector, and in order to remain globally competitive, Phoenix Park Gas Processors Limited (PPGPL) was formed in 1989 by NGC, international energy company ConocoPhillips, and Pan West Engineers and Constructors, LLC. It began operations in 1991.
As the nation’s only natural gas processing facility, PPGPL’s ability to process and market fuels derived from natural gas such as propane, butane and natural gasoline, has positioned Trinidad and Tobago as a major exporter of natural gas derivatives, regionally and internationally. Since 1991, PPGPL has gained recognition from foreign and domestic investors for its track record of efficient operations, strong operating cash flows and award winning safety culture. As such, PPGPL occupies a strategic position in Trinidad and Tobago’s natural gas industry.
PPGPL is grounded in strong financial performance, generating an operating profit every year since it commenced operations. Over the past five years, PPGPL’s revenue has grown by a compounded annual growth rate of 6% and EBITDA* grew by a compounded factor of over 4%. The gross margin remained healthy, staying over 40%. Over the past five years, PPGPL made total dividend distributions of US $1.05 billion to all its shareholders.
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*earnings before interest, tax, depreciation and amortisation