JupiterMLP, LLC (Jupiter) has secured a funding commitment from Charon System Advisors sufficient to build the 1,000,000 barrel per day capacity Jupiter Pipeline from the Permian Basin to the Port of Brownsville, Texas.

Expected to be operational in late third quarter of 2020 with origination points near Midland, Pecos and Crane, Texas and offtake points near Three Rivers, Texas, Jupiter has completed engineering, design, and right-of-way planning for the pipeline. As designed, it will be the only pipeline out of the Permian Basin that can access all three deep water ports in Texas (Houston, Corpus Christi and Brownsville) and will have direct access to a fully capable VLCC loading facility.

Charon’s investment comes on the heels of Jupiter announcing in May that it had secured all initial governmental and regulatory permits to load/unload vessels of up to 65,000 deadweight tons or Panamax sized vessels at the Jupiter Export Terminal. Jupiter had already secured permits to construct more than 2.8 million barrels of storage in Brownsville and has additional permits on file to increase its storage footprint to more than 6 million barrels, of the potential 10 million barrels of storage capacity. The company is also in the final stages of securing a permit to construct a 170,000 barrel per day processing facility which is designed to process light U.S. Shale crude into on-spec U.S. gasoline and ultralow sulphur diesel.

For more information visit: www.jupitermlp.com

19th October 2018

19th October 2018