Hartree acquires Channelview splitter and terminal business
Published by Pippa Luck,
Editorial Assistant
Hydrocarbon Engineering,
Hartree Refining Co. LLC, an affiliate of Hartree Partners LP (together, Hartree), has announced that it recently completed the acquisition of Targa Resources Corp.’s (Targa) membership interests in Targa Channelview LLC (Channelview). The transaction closed in October 2020.
Guy Merison, Co-Founder of Hartree Partners LP, said: “We believe this transaction represents a natural extension of Hartree’s experience investing in midstream and downstream infrastructure assets that are complementary to our core trading competencies.”
Channelview consists of a recently constructed 38 000 bpd crude and condensate splitter, in addition to approximately 1.3 million bbl of crude and refined product storage, a barge dock, trucking lanes, a waste water treatment facility, and other related infrastructure, all of which is located in Channelview, Texas, US.
“We believe that Channelview has significant potential and we are excited to be working with Channelview’s existing management team to further develop and operate the asset through its next phase of growth,” said Merison. “We plan on initiating several growth projects and continuing to expand the facility’s third party storage business.”
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/17112020/hartree-acquires-channelview-splitter-and-terminal-business/
You might also like
Hydrocarbon Engineering Podcast
Leakhena Swett, President of the International Liquid Terminals Association (ILTA), and Jay Cruz, Senior Director of Government Affairs and Communications, join us to consider the key role that industry associations have to play in the sectors that they serve.
Oil product deliveries from Exolum to Spainish market increase
Deliveries of oil products from Exolum terminals to the Spanish market increased by 7.1% in April 2025 compared to the same period in 2024.
