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01-14-2014

Nova Chemicals to Further Invest in Ontario

As part of its Nova 2020 growth strategy Nova Chemicals Corporation announces plans for multiple projects in the Sarnia, Ontario/Canada region, including options for a second Advanced Sclairtech technology (AST) facility.

This next phase of the NOVA 2020 growth strategy, anticipated to take place over the 2014 to 2018 timeframe, will concentrate on several cost-effective expansions and upgrades to Nova Chemicals’ existing facilities in the Sarnia, ON region, including expanding the Corunna cracker ethylene manufacturing capacity by approximately 20%, pursuing a debottleneck at the Moore low-density polyethylene (PE) line, and pursuing a retrofit of the Moore high-density PE line.

These projects are intended to build on the impact of the Corunna cracker conversion to utilize up to 100% natural gas liquids (NGLs) to enhance Nova Chemicals’ capabilities to meet growing and more sophisticated customer demands.

During this period, Nova Chemicals will continue to investigate options for a second AST facility, which could be located in Ontario, the U.S. Gulf Coast or elsewhere in the world, and which would be implemented in the final phase of the Nova 2020 growth strategy.

Meanwhile, work continues to progress on other projects within the first phase of the NOVA 2020 portfolio, including revamping the Corunna, Ontario cracker facility to utilize cost-competitive NGL feedstocks with project completion targeted for Q1, 2014 (ethane from the Marcellus Shale Basin is currently accumulating in local Sarnia storage for introduction as a Corunna feedstock shortly), and building a world-scale gas-phase PE reactor at the Joffre, Alberta facility, to provide customers with a complete set of LLDPE offerings, which is expected to be mechanically complete in Q1, 2016.

Company profile

NOVA Chemicals Corporation

1000 Seventh Avenue, S.W.
CALGARY, ALBERTA T2P 5C6
Tel.: +1 403 750-3600

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