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Navigator Holdings (NYSE:NVGS) stated Thursday it plans to speculate $120M-$130M in its current ethylene export terminal three way partnership at Morgan’s Level close to Houston with Enterprise Merchandise Companions (EPD) by the top of 2024.
Navigator (NVGS) stated the enlargement challenge will improve ethylene export capability by no less than 550K tons/yr and as much as 2M tons/yr, in addition to triple instantaneous ethylene refrigeration capability at Morgan’s Level to 375 tons/hour from the present 125 tons/hour, offering elevated flexibility for purchasers and the potential so as to add extra capability based mostly on demand.
The corporate sees potential complete ethylene export capability at Morgan’s Level exceeding 3M tons/yr by the top of 2024.
In search of Alpha contributor J Mintzmyer stated Navigator Holdings’ (NVGS) “honest worth estimate” is $16/share, which might climb to $20 if additional tasks are confirmed.
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