Maverick Terminals, LLC, the bulk liquid terminal subsidiary of Howard Energy Partners (HEP), has entered into a service agreement with PMI, an affiliate of Petróleos Mexicanos (Pemex) for the storage and handling of fuel oil from various inland refineries in Mexico.
Services will be provided via a new bulk liquid terminal to be constructed adjacent to HEP’s existing facility in Port of Brownsville, Texas, and will bring the company’s total storage capacity in the area to more than 500,000 barrels.
The new Brownsville facility will comprise four tanks ranging in size from 50,000 to 100,000 barrels, and will have an initial total capacity of 300,000 barrels, with the capability to expand to up to 700,000 barrels if necessary. All tanks, pipelines, and related facilities will be fully heated, insulated, and capable of handling products from rail cars, trucks, and marine vessels. Construction is underway and the terminal is expected to be operational in the second half of this year.
