NOVA Chemicals Reaches Mechanical Completion of Growth Projects in Ontario

Sarnia, ON (December 21, 2022) – NOVA Chemicals Corporation (“NOVA Chemicals”) today announced that its second Advanced SCLAIRTECH™ technology (“AST2”) facility and the third phase of the Corunna Cracker Expansion Project (“Cracker Expansion”) have each reached mechanical completion.

The world-scale AST2 facility, located at the new Rokeby Site in St. Clair Township, Ontario will have a production capacity of approximately one billion pounds of polyethylene per year. The Cracker Expansion will provide ethylene feedstock to the new AST2 facility, expanding the existing cracker’s current capacity by more than 50 per cent.

“We’re pleased to have completed the construction phase of the projects and our team is now fully focused on safely completing post-construction activities prior to starting the commissioning phase of this flagship asset,” stated Rob Thompson, NOVA Chemicals’ Vice President of Manufacturing East. “This has been a tremendous effort across the organization. During unprecedented conditions, everyone involved has worked diligently to bring our vision to reality and we look forward to celebrating the startup of the Rokeby Site with our stakeholders in 2023.”

Both projects represent a significant investment bringing new technology, jobs and long-term economic viability to the region. Since the growth projects began in late 2017, NOVA Chemicals has added approximately $2 billion (CAD) to the provincial economy and over 7,000 workers were involved in construction.

NOVA Chemicals is the largest private employer in the Sarnia-Lambton region with three manufacturing facilities and one corporate office currently operating in the area. Once the growth projects are fully commissioned and complete, an estimated 150 permanent full-time jobs will be added between direct hires and contractors at both facilities. Post-construction commissioning activities at the Rokeby Site are fully underway with several onsite unit operations in the startup phase.

NOVA Chemicals’ Corunna Site produces 1.8 billion pounds of ethylene and approximately 700 million pounds of co-products annually. Corunna provides feedstock to NOVA Chemicals’ Moore and St. Clair River Sites where they convert ethylene into up to 1.3 billion pounds of polyethylene per year. Ethane, a component of natural gas, is the primary feedstock for ethylene production at the Corunna Site.

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About NOVA Chemicals Corporation
NOVA Chemicals is guided by a singular purpose to shape a world where the plastic products vital to our health and happiness are better tomorrow than they are today. We have a bold ambition to create a plastics circular economy and work collaboratively toward a low carbon, zero plastic waste future. NOVA Chemicals’ portfolio of virgin and recycled resins, along with best-in-class technical expertise, 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 2,400 employees worldwide and is wholly owned by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates.

Learn more at www.novachem.com or follow us on LinkedIn.

NOVA Chemicals Media Contact
Samantha Peck
Manager, External Communications
e-mail: samantha.peck@novachem.com


NOVA Chemicals Investor Relations
Patty Masry
Leader, Financial Reporting & Investor Relations
e-mail: Patty.Masry@novachem.com

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Forward-Looking Statements
This news release contains forward-looking statements. By their nature, forward-looking statements require NOVA Chemicals to make assumptions and are subject to inherent risks and uncertainties. NOVA Chemicals’ forward-looking statements are expressly qualified in their entirety by this cautionary statement. In addition, the forward-looking statements are made only as of the date of this news release, and except as required by applicable law, NOVA Chemicals undertakes no obligation to update the forward-looking statements to reflect new information, subsequent events or otherwise.

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