Midstream energy firm Howard Energy Partners closed its acquisition of the Javelina treating and fractionation plant in Corpus Christi, TX from a MPLX LP subsidiary, the company announced this week.
The plant supplies hydrogen, ethylene, ethane, propylene, propane, mixed butane, and other products to the energy and petrochemical markets. Pipelines connect Javelina to major refineries in the Corpus Christi area.
“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,” the chief executive officer of Howard Energy, Mike Howard, said in a earlier release announcing plans for the transaction.
Howard Energy said excess capacity at the site provides opportunities for growth in the future.
