CORPUS CHRISTI – Port of Corpus Christi announced the approval of a long-term lease agreement with Maverick Terminals Corpus LLC, a subsidiary of Howard Energy Partners.
The 30-year lease agreement was approved by port commissioners for approximately 41 acres of land on the north side of the Corpus Christi Ship Channel in the Inner Harbor.
As the largest refining center in close proximity to Mexico, Corpus Christi continues to see large investments in supporting the transportation of U.S. energy to Mexican consumers.
Howard Energy Partners, a San Antonio based company, has emerged as a strong player in the energy space and continues to demonstrate leadership in developing projects on both sides of the border.
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.
Howard Energy Partners plans to design, construct, and operate a rail terminal, and a petroleum and petroleum products storage facility on the leased property.
Further, Howard Energy Partners intends for this facility to connect with its proposed Dos Aguilas pipeline to Monterrey, Mexico.