NOVA Chemicals completes sale of interest in Novealis joint venture
Calgary, Alberta (April 15, 2020) – NOVA Chemicals Corporation (“NOVA Chemicals”) today announced that it has completed the previously announced sale of its 50% ownership interest in Novealis Holdings LLC (“Novealis”) to Borealis AG (“Borealis”).
Formed in 2018, Novealis is the joint venture between affiliates of Borealis and NOVA Chemicals, which subsequently formed a 50/50 joint venture with an affiliate of Total S.A. to launch Bayport Polymers LLC in Houston, Texas.
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