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Nova Boosts Ethane Supplies at Sarnia in Deal with Statoil

1:23 PM MDT | July 27, 2011 | Lindsey Bewley

Nova Chemicals says it has signed a memorandum of understanding with Statoil Marketing and Trading Inc. (Stamford, CT) for a long-term supply of ethane from the Marcellus Shale basin. Statoil will supply ethane to Nova’s Sarnia, ON petrochemical complex, which typically runs on a heavier feed slate. The arrangement is subject to Nova Chemicals concluding a pipeline transportation agreement to transport ethane from the Marcellus Shale basin into the Sarnia petrochemical market.   “Their supply will help to diversify our supply base for our Corunna...

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