NOVA Chemicals Releases 2022 ESG Report and Announces Second Long-Term Virtual Power Purchase Agreement

Calgary, AB (August 15, 2023) – NOVA Chemicals Corporation (“NOVA Chemicals”) has released its 2022 ESG Report: Reshaping Plastics, sharing progress on its aspiration to become the leading sustainable polyethylene producer in North America and achieve its NOVA 2030 strategy ambitions of solidifying the market for recycled polyethylene, leading industry decarbonization on the path to net-zero, and becoming a Top 30 company in Canada. This is the company’s first ESG Report which includes an aligned Task Force on Climate-Related (TCFD) disclosure.

“NOVA Chemicals has set out to achieve bold ESG ambitions by 2030, and we are proud of the substantive work we have accomplished to date,” said Jennifer Woolfsmith, NOVA Chemicals’ Vice President of Sustainability. “Plastics continue to play an essential role in our daily lives with many benefits to people around the world, and NOVA believes businesses like ours have a responsibility to reshape those plastics for a more sustainable world and a low-carbon, zero-plastic-waste future.”

NOVA Chemicals’ highlights of its 2022 ESG report include:

NOVA Chemicals is also announcing today that it has signed a VPPA with TC Energy Corporation (TSX, NYSE: TRP) (“TC Energy”) to purchase 20 MW of solar power and associated emissions offsets produced at its Saddlebrook Solar + Storage Project.

Added Woolfsmith, “this cross-industry collaborative agreement with TC Energy serves as yet another step along NOVA Chemicals’ roadmap to 2030, demonstrating our commitment to working with trusted partners in achieving our environmental and sustainability aspirations.”

“This partnership demonstrates our shared interest to deliver transformative and sustainable power solutions for customers that meet the ongoing energy demand,” said Corey Hessen, Executive Vice President and President, Power and Energy Solutions at TC Energy. “As energy problem solvers, TC Energy is proud to provide emissions-free renewable power for NOVA Chemicals’ facilities and its customers.” 

This announcement builds on the momentum of NOVA Chemicals’ strong 2022 ESG performance and 2023 progress towards its 2030 aspirations, including signing its first long-term Virtual Power Purchase Agreement (VPPA) with Shell Energy, collaborating with Pregis to deliver sustainable food packaging with SYNDIGO rPE, launching a feasibility study with Plastic Energy for an advanced recycling plant in Ontario, Canada, and announcing its first mechanical recycling facility to be operated by Novolex.


About NOVA Chemicals Corporation

NOVA Chemicals aspires to be the leading sustainable polyethylene producer in North America. Our driving purpose is to reshape plastics for a better, more sustainable world by delivering innovative solutions that help make everyday life healthier and safer and acting as a catalyst for a low carbon, zero-plastic-waste future. NOVA Chemicals’ innovative and quality product offerings, value chain collaboration, and unique customer experience is what sets us apart; our customers use our products to create easy-to-recycle and recycled content films, packaging, and products. Our employees work to ensure health, safety, security, and environmental stewardship through our commitment to Sustainability and Responsible Care®.

NOVA Chemicals, headquartered in Calgary, Alberta, Canada, has nearly 2,500 employees worldwide and is wholly owned by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates.

Learn more at or follow us on LinkedIn.

For further information, please contact:
Samantha Peck
Manager, External Communications


The NOVA Chemicals logo is a registered trademark of NOVA Brands Ltd.; authorized use.
SYNDIGO™, ASTUTE™, and LEEP™ are trademarks of NOVA Chemicals. 
CLOSED LOOP PARTNERS® logo is a registered service mark of Closed Loop Partners, LLC.
UN Global Compact® is a registered trademark of United Nations.
Responsible Care® is a registered trademark of the Chemistry Industry Association of Canada.