Enterprise Products Co., Houston, and Mitchell Energy & Development Corp., Woodlands, Tex., are engaged in two joint ventures that are studying the feasibility of building two petrochemical plants in the Texas Gulf Coast area. One of the ventures is with Himont U.S.A., Wilmington, Del., for a propylene plant. The other is with Sun Co. Inc. for a methyl tertiary butyl ether plant. Preliminary cost estimates are $150 million for the propylene plant and $200 million for the MTBE plant. In the proposed propylene project, Enterprise and Mitchell each would hold 25% interests, and Himont would own the remaining 50%. Enterpri...

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