Navigator Holdings Ltd. Signs Non-Binding Memorandum Of Understanding With Bumi Armada For Bluestreak CO2 Joint Venture
Portfolio Pulse from Happy Mohamed
Navigator Holdings Ltd. (NYSE:NVGS) has signed a non-binding memorandum of understanding with Bumi Armada to establish a 50-50 joint venture, Bluestreak CO2, to provide CO2 shipping and injection solutions in the UK. The venture aims to serve emitters with no access to pipeline infrastructure and manage their CO2 emissions.
June 20, 2023 | 12:28 pm
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Navigator Holdings (NYSE:NVGS) enters into a joint venture with Bumi Armada to provide CO2 shipping and injection solutions in the UK, potentially tapping into a market of over 30 million tonnes of CO2 per annum.
The joint venture between Navigator Holdings and Bumi Armada aims to provide CO2 shipping and injection solutions in the UK, targeting a potential market of over 30 million tonnes of CO2 per annum. This partnership could lead to increased revenue and growth opportunities for Navigator Holdings, positively impacting its stock price in the short term.
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