Phoenix Park Gas Processors Limited is a Trinidad and Tobago company, which was
formed in May 1989. It is owned by NGC NGL Company Limited (51%), Trinidad and
Tobago NGL Limited (39%) and Pan West Engineers & Constructors LLC (10%)
On February 1, 2020, PPGPL through its wholly owned US subsidiary, Phoenix Park Energy Marketing LLC, acquired the NGL marketing assets of Twin Eagle Liquids Marketing LLC of Houston Texas, USA, which is engaged in the business of marketing, trading and transportation of natural gas liquids in Canada, USA and Mexico via rail. This acquisition has added to PPGPL’s business portfolio, and to its human capital.
Phoenix Park Gas Processors Limited is located on the Point Lisas Industrial Estate, the heart of Trinidad and Tobago’s petrochemical sector, where it operates a state-of-the-art cryogenic gas processing facility.
It is engaged in natural gas processing and the aggregation, fractionation and marketing of natural gas liquids (NGLs), operating as an NGL hub.
Significance of the Phoenix Park Name
Phoenix Park is a small residential community located off the Pt. Lisas Industrial Estate in Trinidad and Tobago, where several petrochemical companies operate. When PPGPL was being formed in the late 1980s, the owners decided to name the company after the community in which it intended to operate. Its logo comprised two core elements: a symbol of the mythical phoenix with wings clasped floating above the pipeline; and the company’s name Phoenix Park Gas Processors Limited sitting below.
From its early beginnings, the company formed close ties with the community and surrounding districts.
It adopted a primary school providing annual scholarships to students who excelled in various areas of school life, and funded infrastructure and other developmental initiatives.
Twenty eight years later, in its quest to grow the business internationally, the company entered into its first acquisition. With the implementation of a strategy to move beyond gas processing, and into other territories in the world, it was the right time for PPGPL to rebrand. Given the historical connection to the community of its birth, and the brand value that it had acquired over the years, the company chose to retain the Phoenix Park in its name and drop the Gas Processors Limited. This change represents the shift in business focus from processing only to include NGL marketing and trading as well.