Energy & Minerals Group

The Energy & Minerals Group signed an exclusive supply and co-development agreement with American Ethane Co. to provide the remaining capital investment into American Ethane’s development of a 10 million ton per year ethane export terminal project on the U.S. Gulf Coast. The agreement contemplates that EMG will construct new export facilities or partner with other operators to expand existing export facilities and associated midstream supply infrastructure. The anticipated supply and financial investment from EMG will support three conditionally binding 20-year agreements that American Ethane has executed to supply 7.2 million tons per year of ethane to three ethane-to-ethylene cracker projects in China.