Howard Energy Partners Announce The Close Of The Acquisition With MPLX [NYSE: MPLX] Subsidiary

Howard Energy Partners revealed that the company has closed on its recently declared contract with a division of MPLX LP [NYSE: MPLX] to buy the Javelina Facility, situated in Corpus Christi a city located in Texas.

Javelina is a treating and fractionation plant that extricates olefins, hydrogen, and flammable gas fluids (NGLs) from the gas streams produced by neighborhood processing plants and refineries, making purity items that are then offered to nearby business sectors for its refiner clients. Javelina creates a wide scope of item streams including hydrogen, ethylene, ethane, propylene, propane, blended butane, and other pentanes+ for utilization in the energy and petrochemical markets.

The provision is linked by pipeline to the entirety of the significant processing plants in the Corpus Christi region and offers critical support to help guarantee the treatment facilities’ beneficial capacities. Moreover, the overabundance capacity at Javelina gives the prospect to future development.