Holly Energy Partners LP

20.45

0.0000

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Market Cap:2.59B

PE:10.82

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Open:20.45

Low:20.45

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Press Release: Howard Energy Partners Acquires Ethylene Pipeline From EPIC Midstream Holdings

Dow Jones

·

09 Jan

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Howard Energy Partners  today 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  from the gas streams produced by local refineries.\"This acquisition aligns with our long-term strategy of building a diversified midstream company through organic growth and acquisitions, anchored by long-term contracts,\" said Mike Howard, Howard Energy Partners' Chairman and 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