Port Corpus Christi approves 41-acre lease with Howard Energy Partners

The Port of Corpus Christi has approved of a long-term lease agreement with Maverick Terminals Corpus LLC, a subsidiary of Howard Energy Partners for 41 acres of land on the north side of the Corpus Christi Ship Channel in the Inner Harbor.

Howard Energy Partners, a full-service midstream company based in San Antonio, has emerged as a strong player in the energy space and continues to demonstrate leadership in developing projects on both sides of the border. The company plans to design, construct, and operate a rail terminal, and a petroleum and petroleum products storage facility on the leased property. It also intends for the facility to connect with its proposed Dos Aguilas pipeline to Monterrey, Mexico.  As part of the lease agreement terms the Port of Corpus Christi Authority will design and construct a new oil dock, Oil Dock 20.

The Oil Dock 20 facility will initially serve Mexico’s transportation fuel demands by rail with an estimated target of at least two to three unit trains per week. Once the Dos Aguilas pipeline is permitted, constructed, and in-service, significantly more volume is anticipated.

Chairman of the Port Corpus Christi Commission, Charles W. Zahn said: “Port Corpus Christi has secured its position as the number one crude oil export port in the United States.  This major investment from Howard Energy Partners represents a shining example of why the Port of Corpus Christi is the Energy Port of the Americas.”

Howard Energy Partners Co-Founder and President, Brad Bynum said: “This lease marks a strategic and significant expansion of our terminal network, not only for refined products but for crude oil.  We are excited about the opportunities for further development, and look forward to continuing to expand our relationship with the Port of Corpus Christi.”

For more information visit www.portcorpuschristi.com

25th July 2017