Download list
Locations / Sites
Contacts
Login
Back to News

Total, Borealis and NOVA Chemicals close their Joint Venture in petrochemicals

Houston/Vienna, May 24, 2018 – Total Petrochemicals & Refining USA Inc. (“TPRI”), Borealis AG (“Borealis”) and NOVA Chemicals Inc. (“NOVA Chemicals”) today announced they have closed a joint venture in petrochemicals on the U.S. Gulf Coast after receiving all required regulatory approvals.

The company named Bayport Polymers LLC (“Bay-Pol”) is 50% owned by TPRI and 50% owned by Novealis Holdings LLC, a joint venture between Borealis and NOVA Chemicals. Diane Chamberlain is appointed President of the new entity. The Bay-Pol joint venture includes: 

  • the under-construction 1Mt/y ethane steam cracker in Port Arthur, Texas
  • Total’s existing polyethylene 400 kt/y facility in Bayport, Texas
  • a new 625 kt/y Borstar® polyethylene unit at Total’s Bayport, Texas, site, subject to FID

“We’re excited for the future of our new company. The partnership between TPRI, Borealis and NOVA Chemicals will create a major player in the U.S. polyethylene market,” said Diane Chamberlain. “We have a great opportunity to take advantage of low-cost feedstocks in the United States and deliver quality products that respond to the growing global demand for plastics.”

END

For further information, please contact:  

Total 
Media Relations: Tricia Fuller, Communications Manager, Total American Services
USAcommunications@Total.com
Investor Relations: Robert Hammond, Investor Relations Manager, Total American Services
ir.tx@total.com  

NOVA Chemicals
Media Relations: Jennifer Nanz, Corporate Communications Leader
jennifer.nanz@novachem.com
Investor Relations: Patty Masry, Financial Reporting & Investor Relations Manager patty.masry@novachem.com  

Borealis
Virginia Mesicek, External Communications Manager
+43 1 22 400 722 (Vienna, Austria)
virginia.mesicek@borealisgroup.com

NOVA Chemicals’ logo is a registered trademark of NOVA Brands Ltd.; authorized use. Responsible Care® is a registered trademark of the Chemistry Industry Association of Canada. Borstar is a registered trademark of the Borealis Group.

Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.  

This press release may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A., Borealis AG and NOVA Chemicals Corporation nor any of their respective subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

Downloads
Total, Borealis and NOVA Chemicals close their Joint Venture in petrochemicals English, German
Media Contact
Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation

Latest News

News – 16/06/2021

Borealis supports Water & Sanitation for the Urban Poor (WSUP) in improving access to safe drinking water to the communities in Beira, Mozambique

Read more

Media Release – 16/06/2021

Borealis and Renasci reach an exclusive agreement enabling Borealis to offer commercial volumes of chemically recycled base chemicals and polyolefins since May 2021

Read more

Media Release – 15/06/2021

New photovoltaic rooftop array to provide power to Borealis location in Monza, Italy

Read more

Media Release – 08/06/2021

Borealis Commits to Major Expansion of Project STOP in Indonesia

Read more

Media Release – 07/06/2021

Greiner Packaging produces first cup prototypes made of Bornewables™ – a portfolio of premium polyolefins designed for circularity by Borealis

Read more

Media Release – 20/05/2021

Borealis’ Bornewables portfolio of circular polypropylene solutions proven to substantially reduce carbon emissions

Read more

Media Release – 05/05/2021

Borealis announces start-up of heat recovery unit based on revolutionary Qpinch technology

Read more

Media Release – 28/04/2021

Borealis appoints Hilmar Kroat-Reder as Vice President Human Resources

Read more

News – 14/04/2021

Operations during the COVID-19 pandemic, update 14 April 2021

Read more