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Nova to Boost Ethane Feedstocks at Joffre Plant Under Deal with Hess and Mistral

1:50 PM MDT | July 15, 2010 | Lindsey Bewley

Nova Chemicals says it has signed a memorandum of understanding (MOU) with Hess and Mistral Energy (Calgary) to purchase and transport ethane produced at Hess’ Tioga, ND gas plant via a proposed pipeline to Alberta. Nova will purchase 100% of the ethane produced under a long-term arrangement, while Mistral will design, construct, own and operate the proposed pipeline, the company says. The initial pipeline capacity is expected to be about 45,000 barrels per day (bpd) of ethane and will be expandable to about 60,000 bpd to handle future ethane supply from...

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