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Nova Chemicals Expands in Canadian Resins

12:53 PM MST | January 14, 2008 | Rebecca Coons

Nova Chemicals says it will invest $80 million to modernize and expand its polyethylene (PE) production at two sites in Ontario. The projects will add up to 250 million lbs/year of new PE capacity in stages over the next two years, the company says. The projects should have about a two-year payback, says Nova CEO Jeff Lipton. Lipton: Two-year pay-back on investment. Plans include modernization and expansion of low density PE (LDPE) and high-density PE (HDPE) production at Mooretown and debottlenecking of HDPE and linear low density PE (LLDPE) production at...

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