Enterprise Products Partners, London co. plan new ethylene export terminal on Houston Ship Channel

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Houston-based Enterprise Products Partners LP (NYSE: EPD) and London-based Navigator Holdings Ltd. (NYSE: NVGS) plan to create a 50-50 joint venture to develop an ethylene marine export terminal on the Houston Ship Channel. The companies announced July 12 that they’ve signed a letter of intent for the joint venture, but they still have to negotiate and receive board approval on a definitive agreement. Commercialization of the project would require sufficient long-term customer commitments. The…


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