Howard Energy Partners announced that it has closed on the purchase of EPIC Midstream Holdings’ ethylene pipeline. The 120-mile, 12-inch, bidirectional pipeline provides critical ethylene transportation, connecting Gulf Coast Growth Venture’s petrochemical complex in Corpus Christi to storage facilities in Markham, Texas. In addition to increasing HEP’s overall footprint in the Gulf Coast region, the newly acquired ethylene pipeline offers unique synergies with HEP’s existing Javelina Plant, a treating and fractionation plant that extracts olefins, hydrogen, and natural gas liquids (NGLs) from the gas streams produced by local refineries.
This year marked a record for HEP in M&A activity, with several material transactions totaling more than $1.1 billion. HEP now owns and operates more than 1,500 miles of pipeline, nearly 1 billion cubic feet per day of cryogenic processing capacity, and nearly 2.5 million barrels of tank storage capacity in the United States and Mexico.
Courtesy of Howard Energy Partners.