Maverick Terminals LLC, subsidiary of Howard Midstream Energy Partners LLC (HEP), acquired a majority interest in the GT Omniport Terminal from GT Logistics LLC, HEP said July 29.
GT Logistics will keep a minority interest in the facility, which is near Port Arthur, Texas on 450 acres. The terminal is near refineries, chemical plants, and pipelines, and there are more than eight miles of rail, including a unit-train loop track and railcar unloading facilities. There are four storage tanks and a barge dock. The storage tank can handle 230,000 barrels. There are also more than 3,000 feet of deepwater frontage for vessel docks.
GT Omniport currently handles crude oil, but it will be expanded to receive, blend, store, and redeliver refined products and NGL. Additional storage capacity, interconnectivity to local refined products and crude oil pipelines, and up to four deepwater docks are being engineered and planned.
“We are excited to enter into this venture with GT Logistics, who have built a first-class platform for growth,” said Mark Helmke, senior vice president of terminals and transportation for HEP. “We see lots of development potential in the Port Arthur area and this acquisition is a continuation of our plan to expand our geographic presence and build a diversified portfolio of world-class assets.”
San Antonio-based Howard Energy Partners (Howard Midstream Energy Partners LLC) also owns and operates bulk liquid terminal facilities in Three Rivers, Texas, and the Port of Brownsville, Texas.
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