NOVA Chemicals signs MoU ethane supply from Marcellus Shale

NOVA Chemicals signs MoU for ethane supply from Marcellus Shale

3:35 PM, 3rd May 2011
NOVA Chemicals signs MoU for ethane supply from Marcellus Shale
Randy Woelfel, CEO, NOVA Chemicals.


CALGARY, CANADA: NOVA Chemicals Corporation has signed a memorandum of understanding (MoU) with a wholly-owned subsidiary of Range Resources Corporation for a long-term supply of ethane from the Marcellus Shale Basin. 

“We are pleased to be working with Range Resources as one of the key feedstock suppliers for our Corunna cracker. With the execution of this MoU, we have made significant progress towards realizing our goal of assuring our Corunna cracker is the destination of choice for Marcellus based natural gas liquids,” said Randy Woelfel, CEO, NOVA Chemicals.

In addition to finalizing a definitive purchase and sale agreement with Range Resources, the arrangement is subject to NOVA Chemicals finalizing a pipeline transportation agreement to transport ethane from the Marcellus Shale Basin into the Sarnia, Ontario petrochemical market.

© WOC News




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