Total, Borealis, Nova completes creation US petchem JV

Total, Borealis, Nova completes creation of US petchem JV

5:39 AM, 24th May 2018
Total, Borealis, Nova completes creation of US petchem JV

HOUSTON, US: Total SA, Borealis AG and Nova Chemicals Corporation have closed a joint venture in petrochemicals on the US Gulf Coast after receiving all required regulatory approvals.

The company named Bayport Polymers LLC (Bay-Pol) is 50 percent owned by Total and 50 percent owned by Novealis Holdings LLC, a joint venture between Borealis and Nova Chemicals.

Diane Chamberlain is appointed President of the new entity. The Bay-Pol joint venture includes:

  • the under-construction 1Mt/y ethane steam cracker in Port Arthur, Texas
  • Total's existing polyethylene 400 kt/y facility in Bayport, Texas
  • a new 625 kt/y Borstar polyethylene unit at Total's Bayport, Texas, site, subject to further approvals

"We're excited about the future of our new company. The partnership between Total, Borealis and Nova Chemicals will create a major player in the US polyethylene market. We have a great opportunity to take advantage of low-cost feedstocks in the US and deliver quality products that respond to the growing global demand for plastics," said Diane Chamberlain.

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