Products
Downloads
Locations / Sites
Contacts
Download list
Back to News

Borealis and NOVA Chemicals enter Preliminary Agreement with Total to meet growing global demand for polyethylene

Borealis AG and NOVA Chemicals Corporation ("NOVA Chemicals") signed a preliminary agreement to form a joint venture (JV) with Total Petrochemicals and Refining USA, Inc. ("Total") that will develop and own a new light feed cracker and a new Borstar® polyethylene (PE) facility in Bayport, Texas.

Key aspects of the JV will include:

  • building a new 1000 ktpa (2.2 b lb) ethylene cracker in Port Arthur, Texas
  • building a new 625 ktpa (1.35 b lb) Borstar® PE plant in Bayport, Texas
  • Total's existing Bayport PE facility, total capacity 400 ktpa (880 m lb)

The JV is expected to be established in late 2017* and the final investment decision on the Borstar® PE plant will be taken simultaneously. The ethylene cracker and Borstar® PE plant are planned to start-up in late 2020.

The JV will create significant synergies by enabling strong integration of the value chain and the first-time use of the proprietary Borstar® PE process technology in the Americas. It will also provide competitive export access to markets outside of North America to help meet the growing global demand for PE.

"Working in a JV with NOVA Chemicals and Total on a cost-effective brownfield investment project, integrated with a cracker, is an attractive opportunity. We can also leverage our proven technology and benefit from large scale experience gained in other projects (e.g. Borouge) and develop the project together with NOVA Chemicals," said Borealis CEO Mark Garrett.

"This opportunity will complement NOVA Chemicals' existing asset structure in Canada and broaden our PE product slate as we continue to grow our business in the Americas to deliver products that make everyday life healthier, safer and easier," stated Todd Karran, President and CEO, NOVA Chemicals. "It also paves the way for NOVA Chemicals to collaborate further with Borealis as part of the IPIC family of companies," continued Karran.

* Pending regulatory approvals

END

For further information please contact:

Borealis:
Virginia Mesicek
External Communications Manager
tel.: +43 (0)1 22 400 722 (Vienna, Austria)
e-mail: virginia.mesicek@borealisgroup.com

NOVA Chemicals – Media Inquiries:
Jennifer Nanz
Leader, Corporate Communications
e-mail: jennifer.nanz@novachem.com

NOVA Chemicals – Investor Inquiries:
Tracey Simpson
Leader, External Financial Reporting
e-mail: tracey.simpson@novachem.com

Downloads
Borealis and NOVA Chemicals enter Preliminary Agreement with Total to meet growing global demand for polyethylene English, French, German
Media Contact
Virginia Mesicek
External Communications Manager

Latest News

News – 15/04/2019

Borealis EverMinds™ - establishing circular thinking with value chain partners at the Plastics Recycling Show Europe (PRSE)

Read more

News – 11/04/2019

Value chain partners explore sustainable rigid packaging solutions at Borealis event in Munich

Read more

News – 10/04/2019

Schwarz Retail Group Supports Project STOP in Asia

Read more

Media Release – 03/04/2019

Borealis underscores its global commitment to the automotive industry

Read more

Media Release – 23/03/2019

Borealis and ADNOC sign Memorandum of Understanding to explore strategic opportunities in the polyolefin industry

Read more

News – 20/03/2019

Borealis is assessing the Helsinki Administrative Court decisions issued on 19 March 2019

Read more

News – 19/03/2019

Borealis wins the 2019 Foreign Investment of the Year Trophy

Read more

News – 19/03/2019

Best polymer producers for Europe awards

Read more

News – 14/03/2019

Solar energy for Myanmar hospital thanks to Borealis Social Fund and Quentys™

Read more