Locations / Sites
Download list

Cookies on the Borealis website If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website.
If you would like to change your preferences you may do so by following these instructions. Cookie Policy



U.S.: Total, Borealis and NOVA Chemicals sign definitive agreements to form a joint venture in petrochemicals

The joint venture – in which Total will own 50% and Novealis Holdings LLC, a joint venture between Borealis and NOVA Chemicals, will own the remaining 50% – will commence subject to customary closing conditions, including receipt of regulatory approvals.

The joint venture will include:

  • the under-construction 1 Mt/y (2.2 b lb) ethane steam cracker in Port Arthur, Texas
  • Total’s existing polyethylene 400 kt/y (880 m lb) facility in Bayport, Texas
  • a new 625 kt/y (1.35 b lb) Borstar ® polyethylene unit at Total’s Bayport, Texas, site, following a decision on the outcome of an acceptable EPC contract

As announced in March 2017, the new $1.7 billion ethane steam cracker is being built alongside Total’s Port Arthur refinery and Total/BASF’s existing steam cracker. The project, which is scheduled to start up in 2020, will create around 1,500 jobs during peak engineering and construction activity.

“This agreement is a key milestone for this integrated petrochemicals project. This joint venture is aligned with Total’s strategy to strengthen our position by taking advantage of low-cost U.S. gas,” said Bernard Pinatel, President, Refining & Chemicals, Total. “We look forward to working with Borealis and NOVA Chemicals to create world-class facilities and become a major player in the growing U.S. and global market for polyethylene.”

“The JV with Total and NOVA Chemicals is a key project in advancing our global growth. Not only are we convinced of the excellent cost economics of this integrated brownfield investment project, but we are also excited to bring our unique product grades based on our Borstar technology to the North American market,” said Borealis CEO Mark Garrett.  

“A key component of NOVA Chemicals’ growth strategy is to expand beyond our traditionally Canadian footprint by extending our presence in the U.S. Gulf Coast,” stated NOVA Chemicals CEO, Todd Karran. “Partnering with Total and Borealis will allow us to better serve our customers throughout the Americas by delivering a broader slate of products that help make everyday life healthier, easier and safer.”


For further information please contact:

Patrick Laureys
Senior External Communications Manager| tel.: +43 1 22 400 726 (Vienna, Austria)

Media Relations: +33 1 47 44 46 99 | | @TotalPress
Investor Relations: +44 (0)207 719 7962 |

NOVA Chemicals
Media Relations: Mark Horner,Director, Corporate Communications |
Investors Relations: Patty Masry, Leader, External Financial Reporting |

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.

U.S.: Total, Borealis, NOVA Chemicals sign definitive agreements to form a joint venture in petrochemicals English, French, German
Media Contact
Patrick Laureys
Senior External Communications Manager

Related News

Media Release – 21/03/2018

Borealis inaugurated newly expanded high voltage testing centre in Stenungsund, Sweden

Read more

News – 09/03/2018

Annual Report 2017 out now

Read more

Media Release – 08/03/2018

Be a STaR, live chemistry!

Read more

Media Release – 07/03/2018

Rethinking automotive design with lightweight material solutions based on Borealis Fibremod™ Carbon and Daploy™

Read more

Media Release – 12/02/2018

Borealis continues strong financial performance with a net profit of EUR 1,095 million in 2017

Read more

Media Release – 15/01/2018

Borealis and Borouge celebrate the tenth anniversary of their Water for the World programme, having helped 800,000 people to access clean water and sanitation

Read more

Media Release – 18/12/2017

Borealis continues support for UAE social welfare organisations

Read more

Media Release – 30/11/2017

Frost & Sullivan recognizes Borealis with the Product Leadership Award in the Power Cable Materials Industry

Read more

Media Release – 27/11/2017

Borealis and the Johannes Kepler University create the “MORE” scholarship for asylum seekers and beneficiaries

Read more