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Nova Chemicals Inks Another Ethane Supply Deal to Feed Sarnia Cracker

4:59 AM MDT | May 4, 2011 | Lindsey Bewley

Nova Chemicals says it has signed a memorandum of understanding (MOU) with a wholly-owned subsidiary of Range Resources Corporation (Fort Worth, TX) for a long-term supply of ethane from the Marcellus Shale basin. The ethane will supply Nova’s Sarnia, ON petrochemical complex, which typically runs a heavier feedslate. The company has been looking for ways to boost ethane supply to fuel its crackers, as increased U.S. production of natural gas and lower prices have decreased the volumes of natural gas flowing northward and reduced ethane availability.  ...

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