Navigator Gas and industrial partner Enterprise Products Partners have finalised plans to build a new ethylene export facility on the US Gulf Coast.
New York-listed Navigator will have a 50% stake in the project, which has support from US ethylene producer Flint Hills and an unnamed Japanese trading company.
David Butters, chief executive officer of Navigator Gas, said in a statement, “The strong, broad interest shown by prospective terminal customers during the initial marketing phase has reinforced our conviction on the critical need for an ethylene export terminal.
