New Ethylene Capacity
NOVA Chemicals Corporation (“NOVA Chemicals”) and Borealis AG (“Borealis”) 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 2.2 b lb (1000 ktpa) ethylene cracker in Port Arthur, Texas Building a new 1.35 b lb (625 ktpa) Borstar PE plant in Bayport, Texas Total’s existing Bayport PE facility, total capacity 880 m lb (400 ktpa)The ethylene cracker and Borstar PE unit are expected to start-up in late 2020. A final investment decision is expected in late 2017, pending NOVA Chemicals’ Board and regulatory approvals and execution of definitive agreements.
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2026-06-14
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