January 4, 2021
Howard Energy Partners (HEP), based in San Antonio, has agreed to acquire the Javelina Facility in Corpus Christi from a subsidiary of MPLX LP for an undisclosed sum. Javelina is a treating and fractionation plant that extracts olefins, hydrogen, and natural gas liquids from the gas streams produced by local refineries.
Under terms of the agreement with Findlay, OH-based MPLX, Javelina’s current workforce will be retained. The sale is expected to close early this year.
“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 CEO 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.”
For comments, questions or concerns, please contact Paul Bubny