Howard Energy Partners (HEP) today announced that it has executed an agreement with a subsidiary of MPLX LP (NYSE: MPLX ) to purchase the Javelina Facility (Javelina) located in Corpus Christi, Texas. Javelina is a treating and fractionation plant that extracts olefins, hydrogen, and natural gas liquids (NGLs) from the gas streams produced by local refineries, creating purity products that are then sold to local markets on behalf of its refiner-customers.
“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,” said HEP Chairman and Chief Executive Officer, Mike Howard. “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. We will continue to provide world class service to Javelina’s long-term customers.”
The Javelina facility has a long history of reliably producing a wide range of product streams including hydrogen, ethylene, ethane, propylene, propane, mixed butane and other pentanes+ for use in the energy and petrochemical markets. Javelina is connected by pipeline to all of the major refineries in the Corpus Christi area and provides a critical service to help ensure the refineries’ productive capabilities. Additionally, excess capacity at the facility provides the opportunity for growth in the future.
HEP expects to close the acquisition in early 2021.
About Howard Energy Partners
San Antonio-based Howard Midstream Energy Partners, LLC d/b/a Howard Energy Partners is an independent midstream energy company, owning and operating natural gas and crude oil gathering and transportation pipelines, natural gas processing plants, liquid storage terminals, deep-water dock and terminal facilities, rail, terminal and transloading facilities and other related midstream assets in Texas, New Mexico, Oklahoma, Pennsylvania and Mexico. The company has corporate offices in San Antonio, Houston and Monterrey, Mexico. For more information on Howard Energy Partners, please visit our website www.howardenergypartners.com.
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