Max Midstream has named Jonathan Novitsky as its new CEO on Nov. 4. This comes just days after Max Midstream and the Calhoun Port Authority announced a transformational plan to offset carbon emissions through an Environmental Social Governance (ESG) initiative.
“I’m excited to join Max Midstream as the momentum continues to build for the expanded Matagorda Ship Channel,” Novitsky said. “Not only is this expansion going to be an important addition to the Gulf Coast for all products—including energy—but we can deliver a balanced model that contributes to both economic growth and environmental sustainability, thanks to the carbon offset initiatives we are assessing1.”
Novitsky joins Max Midstream having previously served as vice president of commercial development for Global Marine Terminals at Buckeye Partners since 2014. A well-respected industry veteran, Novitsky has extensive leadership experience that has demonstrated an ability to advance the company’s growth strategy by leading strong teams around him. Throughout his diverse career, Novitsky has served as vice president of PetroChina International (America) and as senior trading manager for Chevron Texaco Fuel and Marine Marketing.
“The hiring of Jonathan Novitsky is another step forward for our Company and this significant project at the Calhoun Port Authority,” said Todd Edwards, who has now been promoted to chairman of Max Midstream. “He is a very accomplished executive and immensely knowledgeable of the energy industry. His invaluable expertise will ensure that this project is successful.”
Launched in 2020, Max Midstream is a Houston-based energy company that is partnering with the Calhoun Port Authority and the US Army Corps of Engineers and investing $360 million to finance the deepening and widening of the port by 2023. Further details on the Company’s ESG program will be released later this fall.
Recommended Reading
BP’s Kate Thomson Promoted to CFO, Joins Board
2024-02-05 - Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
2024-02-07 - Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.
HighPeak Energy Authorizes First Share Buyback Since Founding
2024-02-06 - Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.