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.

© Worldofchemicals News



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

Sonnen secures €60 million financing from Shell Ventures

WILDPOLDSRIED, GERMANY: Sonnen GmbH announced the closing of its latest financing round of €60 million, led by Shell Ventures and significantly s ...

Read more
Dow opens new regional sales office in Toronto, Canada

TORONTO, CANADA: The Dow Chemical Company has officially opened its new Eastern Canada Regional Sales Center in Toronto. The sales centre will serve ...

Read more
Lenzing starts production of EcoVero fibres in China

NANJING, CHINA: The Lenzing Group said that it is introducing the eco-responsible process for the production of Lenzing EcoVero branded viscose fibres ...

Read more
Sabic unveils new caps and closures material

RIYADH, SAUDI ARABIA: Sabic said that it will introduce its latest materials and solutions for drink, food and non-food packaging caps and closures. ...

Read more
AkzoNobel expands organic peroxide capacity in India; invests €4 million

AMSTERDAM, NETHERLANDS: AkzoNobel Specialty Chemicals has broken ground on a project to expand production capacity and upgrade its organic peroxides f ...

Read more
BPCL to set up second LPG bottling plant in Odisha

BHUBANESWAR, INDIA: Bharat Petroleum Corporation Limited (BPCL) will set up its second LPG bottling plant in Odisha in Balangir district, an official ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X