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American Ethane Co. in New Orleans signing $26 billion China export deal

Source: theadvocate.com - Nov 9, 2017

American Ethane Co., an international exporter of liquid ethane, is expected to enter into a $26 billion contract with the Nanshan Group in China at a signing ceremony in Beijing on Thursday to be witnessed by President Donald Trump and Chinese President Xi Jinping.

In June, AEC negotiated the $26 billion, 20-year agreement to deliver ethane gas from a terminal it's developing on the Texas Gulf Coast to a new ethylene plant in China to be built by the Nanshan Group.

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Category: General Business