Midstream energy company Howard Energy Partners (HEP) has closed the acquisition of the Javelina treating and fractionation plant located in Corpus Christi, Texas, from a subsidiary of MPLX LP.
The Javelina plant extracts olefins, hydrogen, and natural gas liquids (NGLs) from the gas streams, which is produced by local refineries. The purity products created are sold on behalf of its refiner-customers to local markets.
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Connected to all of the major refineries in the Corpus Christi area by pipeline, the Javelina facility produces a wide range of product streams including hydrogen, ethylene, ethane, propylene, propane, mixed butane and other pentanes+ to serve the energy and petrochemical markets.
HEP said that the facility’s excess capacity will enable it to tap growth opportunities in the future.
The deal to acquire the refinery was signed in December 2020. The financial terms remain undisclosed.
At that time, HEP chairman and CEO Mike Howard said: “The Javelina facility is a multi-generational asset linked to stable, demand-driven refinery activity, further supporting our long-term growth strategy and diversification into new services and markets.
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By GlobalData“We are very excited to broaden our existing footprint in the Corpus Christi market, and look forward to welcoming Javelina’s great team of employees that has been safely and efficiently running the facility for several years.”
Howard Energy Partners owns and operates natural gas and crude oil gathering and transportation pipelines, gas processing plants, liquid storage terminals, terminal facilities, rail, terminal and transloading facilities, and other related midstream assets in the US states of Texas, New Mexico, Oklahoma, Pennsylvania, as well as in Mexico.
