Maverick Terminals Corpus secures approval for terminal at Port Corpus Christi
Howard Energy Partners’ subsidiary Maverick Terminals Corpus has received approval for a 30-year lease of around 41 acres of land on the north side of the Corpus Christi Ship Channel’s inner harbour.
The approval for the lease agreement was given by the Port of Corpus Christi Authority.
Under the agreement, Howard Energy intends to design, construct, and operate a rail terminal, in addition to a petroleum and petroleum products storage facility on the leased property.
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."
In addition, Howard Energy is planning to link this facility with its proposed Dos Aguilas pipeline to Monterrey, Mexico.
Pursuant to its commitment under the lease agreement, the Port of Corpus Christi Authority is obliged to design and construct a new oil dock, named Oil Dock 20.
The oil dock facility will cater to the needs of Mexico’s transportation system by rail with at least two to three unit trains per week.
When the Dos Aguilas pipeline becomes operational, more volume is expected at the Oil Dock 20, which is also planning to export crude oil to international markets.
With a 36 mile, 47ft deep channel, the Port of Corpus Christi is located on the western Gulf of Mexico.
Image: On the leased property, Howard Energy Partners is planning to build and operate a rail terminal, as well as a petroleum products storage facility. Photo: courtesy of Port of Corpus Christi.