About Us
Corporate Profile
COMPANY HISTORY
developing our plastics and chemicals business
In January 2002, NOVA Chemicals sold its 20% interest in the Cochin pipeline
system to subsidiaries of BP Chemicals Limited, Conoco Canada Resources Limited
and Kinder Morgan Energy Partners, LP. In July 2002, NOVA Chemicals and BP Chemicals entered into an agreement
under which NOVA Chemicals granted BP Chemicals the rights to use and
sub-license certain of its proprietary single-site catalysts. The companies also agreed to further joint development of metallocene and single-site catalyst technology. In August 2002, in connection with the signing of a long-term styrene monomer supply contract with BASF Corporation, NOVA Chemicals announced a planned 450 million
pound (mmlbs) debottlenecking of its Bayport, Texas, styrene monomer plant. In September 2002, NOVA Chemicals shut down its commodity solid polystyrene
suspension reactors at its Breda, the Netherlands facility and at its Chesapeake, Virginia, facility. These reactors had a nameplate production capacity of 55 mmlbs and
100 mmlbs of solid polystyrene per year, respectively. In June 2003, NOVA Chemicals completed the sale of its approximately 37% equity
interest in Methanex. The Corporation has no remaining equity interest in Methanex. In June 2003, NOVA Chemicals sold its 50% share of the Fort Saskatchewan Ethylene
Storage Facility in Alberta. In May 2004, NOVA Chemicals shut down its linear low-density polyethylene line
at its St. Clair River polyethylene site in Corunna, Ontario. This line had a nameplate
production capacity of 275 mmlbs per year, or about 8% of NOVA Chemicals'
polyethylene production capacity. Approximately 66% of the most profitable sales
were moved to other NOVA Chemicals facilities. In August 2004, NOVA Chemicals sold its ethylene delivery system in Alberta to
Taylor NGL Limited Partnership. In addition, Taylor agreed to build a feedstock pipeline
to the Joffre, Alberta site. NOVA Chemicals will operate and be the sole shipper on the
Joffre feedstock pipeline. Construction of the pipeline is underway, and commercial
operations are expected to commence in 2005. In October 2004, NOVA Chemicals announced that it had been selected by Pemex
Petroquimica as a partner in a feasibility study for a potential world-scale ethylene
and polyethylene complex in Mexico. Assuming satisfactory results of the feasibility
study, negotiation of terms with Pemex and regulatory and other approvals, the facility
is targeted for start up in 2009 or 2010, depending on market conditions. In December 2004, NOVA Chemicals sold its interest in the Alberta Ethane Gathering
System to Fort Chicago Energy Partners LP. NOVA Chemicals will continue to transport
ethane on the system and to physically operate and maintain the system. In October 2005, NOVA Chemicals and BP's olefins and derivatives business, Innovene,
merged their European styrenic polymers businesses into a 50:50 joint venture.
The joint venture is a leading manufacturer and marketer of styrenic polymers
in Europe and is headquartered in Fribourg, Switzerland. In October 2007, NOVA Chemicals and INEOS expanded the NOVA Innovene
joint venture to include their North American styrene and styrenic polymers businesses. INEOS NOVA is a leading manufacturer and marketer of styrene and styrenic polymers in North America and Europe and is headquartered in Joilet, Illinois.
developing our plastics and chemicals business
Timeline: 2002 - present
system to subsidiaries of BP Chemicals Limited, Conoco Canada Resources Limited
and Kinder Morgan Energy Partners, LP.
under which NOVA Chemicals granted BP Chemicals the rights to use and
sub-license certain of its proprietary single-site catalysts. The companies also agreed to further joint development of metallocene and single-site catalyst technology.
pound (mmlbs) debottlenecking of its Bayport, Texas, styrene monomer plant.
suspension reactors at its Breda, the Netherlands facility and at its Chesapeake, Virginia, facility. These reactors had a nameplate production capacity of 55 mmlbs and
100 mmlbs of solid polystyrene per year, respectively.
interest in Methanex. The Corporation has no remaining equity interest in Methanex.
Storage Facility in Alberta.
at its St. Clair River polyethylene site in Corunna, Ontario. This line had a nameplate
production capacity of 275 mmlbs per year, or about 8% of NOVA Chemicals'
polyethylene production capacity. Approximately 66% of the most profitable sales
were moved to other NOVA Chemicals facilities.
Taylor NGL Limited Partnership. In addition, Taylor agreed to build a feedstock pipeline
to the Joffre, Alberta site. NOVA Chemicals will operate and be the sole shipper on the
Joffre feedstock pipeline. Construction of the pipeline is underway, and commercial
operations are expected to commence in 2005.
Petroquimica as a partner in a feasibility study for a potential world-scale ethylene
and polyethylene complex in Mexico. Assuming satisfactory results of the feasibility
study, negotiation of terms with Pemex and regulatory and other approvals, the facility
is targeted for start up in 2009 or 2010, depending on market conditions.
System to Fort Chicago Energy Partners LP. NOVA Chemicals will continue to transport
ethane on the system and to physically operate and maintain the system.
merged their European styrenic polymers businesses into a 50:50 joint venture.
The joint venture is a leading manufacturer and marketer of styrenic polymers
in Europe and is headquartered in Fribourg, Switzerland.
joint venture to include their North American styrene and styrenic polymers businesses. INEOS NOVA is a leading manufacturer and marketer of styrene and styrenic polymers in North America and Europe and is headquartered in Joilet, Illinois.
