American Ethane Company (AEC), an international exporter of liquid ethane, entered into a $26 billion contract with the Nanshan Group, one of China’s largest enterprise companies, at a signing ceremony in Beijing on Thursday which was witnessed by U.S. President Donald Trump and Chinese President Xi Jinping. In June 2017, AEC negotiated the 20-year binding agreement to deliver ethane gas from a terminal on the Texas Gulf Coast to a new ethylene plant in China to be built by the Nanshan Group. The deal is one of the largest at the November 2017 trade summit.
