January 13, 2025 [Oil & Gas Journal]-Howard Energy Partners (HEP), San Antonio, Tex., closed on a purchase of EPIC Midstream Holdings LP’s ethylene pipeline through the acquisition of EPIC Olefins LP and EPIC Olefins GP LLC.
EPIC Olefins is a 120 mile long, 12-in. OD bi-directional ethylene pipeline connecting Gulf Coast Growth Ventures’ (GCGV) ethane cracker in Gregory, Tex., to ethylene storage in Markham, Tex. The ethylene pipeline has an initial design capacity of 7.8 million lb/d with the ability to increase capacity to meet growing ethylene demand in south Texas, EPIC Midstream said in a release Jan. 8.
HEP, in a separate release Jan. 8, said the acquisition not only increases its footprint in the Gulf Coast region, but offers synergies with HEP’s existing Javelina Plant, a treating and fractionation plant that extracts olefins, hydrogen, and NGLs from the gas streams produced by local refineries.
HEP now owns and operates more than 1,500 miles of pipeline, nearly 1 bcfd of cryogenic processing capacity, and nearly 2.5 million bbl of tank storage capacity in the US and Mexico.
Free Trial: Access 13,300 Tank Terminal and Production Facilities
13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data
