NOVA Chemicals plans polyethylene expansions

NOVA Chemicals plans polyethylene expansions

11:45 AM, 30th June 2011
NOVA Chemicals plans polyethylene expansions
Randy Woelfel, Chief Executive Officer, NOVA Chemicals.

CALGARY, CANADA: NOVA Chemicals plans to capitalize on emerging feedstock opportunities and growing North American demand. To this effect, NOVA announced growth plans for its proprietary polyethylene technology to serve North American markets, which the company is calling “NOVA 2020.” The company has begun feasibility and engineering work for the construction of two new polyethylene assets to be located at its sites in Alberta and Ontario.

Additionally, NOVA will also complete studies for a further debottleneck of its low-density polyethylene line located at its Mooretown, Ontario facility.

The new polyethylene assets consist of, a world-scale advanced SCLAIRTECH technology based line and a world-scale NOVAPOL technology-based linear-low density line.

“As an integral part of International Petroleum Investment Company’s (IPIC’s) global growth plans, we are very excited about the planned expansion of NOVA Chemicals’ position in North America,” said His Excellency Khadem Al Qubaisi, Managing Director of IPIC and Chairman of NOVA Chemicals. 

The completion of all engineering and feasibility studies is expected by mid-2012, and start-up of the debottleneck project and polymer expansions is targeted between late 2014 and 2017.

“We are committed to leadership in the markets we serve. Our ability to meet our customers’ needs for higher performance polyethylene products is fundamental to this commitment. Growing our Advanced SCLAIRTECH technology capability - the core of our technology base - together with our proprietary gas-phase capacity, will deliver real value for our customers,” stated Randy Woelfel, Chief Executive Officer, NOVA Chemicals.

(C) WOC News




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