Nova signs transportation, supply contract Ontario cracker revamp

Nova signs transportation, supply contract for Ontario cracker revamp

3:56 AM, 7th September 2011
Nova signs transportation, supply contract for Ontario cracker revamp
Randy Woelfel, Chief Executive Officer, Nova Chemicals.

 

CALGARY, CANADA: Nova Chemicals has entered into three core agreements which support the revamp of its Corunna cracker to utilize up to 100 per cent NGL feedstock: A transportation service agreement with Sunoco Pipeline LP, for the transportation of ethane feedstock from the Marcellus Shale Basin into the Sarnia, Ontario region; a definitive agreement for long-term ethane supply from the Marcellus Shale Basin with Caiman Energy LLC; and a definitive agreement for long-term ethane supply from the Marcellus Shale Basin with a wholly-owned subsidiary of Range Resources Corporation.

The proposed projects are subject to receipt of customary regulatory and other approvals.

“We are excited to have these critical strategic pieces in place. The capital project enabling our Corunna cracker to utilize up to 100 per cent NGLs is on target and we anticipate seeing all three project initiatives safe, reliable pipeline transportation, ethane supply and facility upgrades come together before the end of 2013,” said Randy Woelfel, Chief Executive Officer, Nova Chemicals.

The company continues to work with other producers in the Marcellus region, including Statoil Marketing and Trading Inc, to secure additional ethane feedstock for its Corunna cracker. “The revamp of the Corunna cracker will position our Ontario assets as a highly competitive, robust platform that can drive further polyethylene growth,” added Woelfel.

(C) WOC News

 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Praxair to build new air separation plant in Western India

  BENGALURU, INDIA: Praxair India Private Limited, subsidiary of Praxair Inc, plans to construct a new air separation plant in the rapidly growi ...

Read more
DuPont files patent lawsuit against Heraeus in solar cell technology

  WILMINGTON, US: DuPont filed a lawsuit against Heraeus Holding GmbH and Heraeus Materials Technology LLC for allegedly infringing a DuPont pat ...

Read more
Lanxess invests €15 million in its glass fibre plant in Antwerp

• Capacity expansion for glass fibre of 10 per cent • Both glass furnaces to be replaced in the next two years • &eu ...

Read more
Fast, cheap and accurate: Detecting CO2 with a fluorescent twist

  KYOTO, JAPAN: Detecting specific gases in air is possible using a number of different existing technologies, but typically all of these suffer ...

Read more
Cracking cellulose: a step into the biofuels future

  HESLINGTON, UNITED KINGDOM: Scientists from the University of York have played a pivotal role in a discovery which could finally unlock the fu ...

Read more
Researchers expand miniature analyzer abilities for complex samples

GAITHERSBURG, US: It’s not often that someone can claim that going from a positive to a negative is a step forward, but that’s the case fo ...

Read more