IHS Chemical Week

People & Business :: Companies

Nova Chemicals: Boosting Feedstocks, Reaping Benefits

2:07 PM MDT | May 21, 2012 | —Lindsey Bewley

Woelfel: Positioning the company for growth. Nova Chemicals has set out to capitalize on abundant and cost-advantaged ethane by expanding ethylene and polyethylene (PE) operations in Canada. Over the past year, the company has embarked on a $1.5-billion plan to upgrade its crackers in Corunna, ON and Joffre, AB; build two new PE plants; and increase efforts to secure alternative feedstock sources that are not tied to natural gas flows through Alberta. Increased U.S. production of natural gas and lower prices have decreased volumes of natural gas and reduced...

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