Howard Energy Partners to acquire Javelina Facility
Howard Energy Partners (HEP) announced to acquire Javelina Facility, a subsidiary of MPLX LP, in Corpus Christi, Texas, USA. The acquisition will be finalised in early 2021.
Javelina is a treating and fractionation facility which extracts hydrogen among other products (olefins and natural gas liquids) from locally produced gas streams produced. It is connected to major refineries in the Corpus Christi areas through a network of pipelines. Javelina produces purity products which are then sold locally on behalf of its refiner-customers.
HEP Chairman and CEO, Mike Howard said that the refinery would “further supporting our long-term growth strategy and diversification into new services and markets.”