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

Media Release – 13/01/2022

Borealis and Reclay Group establish a unique strategic partnership to tackle the challenge of plastic packaging waste and its recycling

Read more

Media Release – 12/01/2022

Borealis appoints Dirk Langhammer as Vice President Strategy & Group Development

Read more

Media Release – 21/12/2021

Borealis Social Fund supports non-profit organisations Sheltersuit UK and Caritas Austria to help homeless people during Winter time

Read more

Media Release – 15/12/2021

Borealis acquires minority stake in UK-based sustainable packaging innovator Bockatech

Read more

Media Release – 07/12/2021

Borealis extends its partnership with UAE educational and social organisations

Read more

News – 19/11/2021

Operations during the COVID-19 pandemic, update 19 November 2021

Read more

Media Release – 15/11/2021

Khaled bin Mohamed bin Zayed witnesses signing of USD 6.2 billion strategic partnership between ADNOC and Borealis to expand Borouge facility

Read more

Media Release – 05/11/2021

On announces CleanCloud™ - turning carbon emissions into running shoes in cooperation with LanzaTech and Borealis

Read more

Media Release – 03/11/2021

Zero pellet loss certification scheme piloted at Borealis production locations

Read more