History

January2020
Borealis to Acquire NOVA Chemicals Ownership Interest in Novealis

Borealis to Acquire NOVA Chemicals Ownership Interest in Novealis

Borealis AG and NOVA Chemicals Corporation announced they have reached an agreement for Borealis to buy NOVA Chemicals’ 50% ownership interest in Novealis Holdings LLC.

January2019

NOVA Chemicals Joins Global Alliance

NOVA Chemicals Joins Global Alliance to End Plastic Waste (AEPW) as a Founding Member.

September2018

Investing in Bayport, Texas

Announced the final investment decision to build a 625,000-ton-per-year polyethylene unit at production site in Bayport, Texas as part of the Baystar joint venture.

August2018

Project STOP

Announced $2 million USD investment in Project STOP — taking action to prevent plastic debris from reaching the ocean

June2018

Joint Venture

NOVA Chemicals entered into the Baystar joint venture, with affiliates of Borealis and Total, to further extend its presence in the U. S. Gulf Coast.

December2017
Growth Projects

Growth Projects

Announced two significant growth projects for its Ontario operations: The expansion of NOVA Chemicals’ Corunna cracker and building a second Advanced SCLAIRTECH™ technology facility (“AST2”).

July2017
Acquisition in Geismar, Louisiana

Acquisition in Geismar, Louisiana

NOVA Chemicals completed the acquisition of its 88.46% interest in the Geismar, Louisiana, olefins plant, marking the companies move into the U.S. Gulf Coast.

January2017

Low Density Polyethylene

NOVA Chemicals announces the start-up of the first new linear low density polyethylene gas phase reactor in the Americas in over a decade, at its Joffre, Alberta site.

January2017
Mubadala

Mubadala

The government of the Emirate of Abu Dhabi transferred its ownership stake in IPIC to Mubadala, which became NOVA Chemicals’ parent company.

May2016
Centre for Performance Applications Opens

Centre for Performance Applications Opens

Centre for Performance Applications opens in Calgary, Alberta, dedicated to customer collaboration to support the development of higher-value products and applications.

January2014
Marcellus Shale

Marcellus Shale

NOVA Chemicals announces first petrochemicals utilization of Marcellus Shale ethane at its Ontario cracker

June2013

Breaking Ground

Groundbreaking held for the construction of a new linear low-density polyethylene facility in Joffre, Alberta.

June2011
Growth Strategy Announced

Growth Strategy Announced

NOVA Chemicals announces NOVA 2020 growth strategy to add value to emerging cost-competitive feedstocks and growing North America demand.

July2009

International Petroleum Investment Company

International Petroleum Investment Company (“IPIC”), which was wholly owned by the government of the Emirate of Abu Dhabi, completed the acquisition of NOVA Chemicals.

July2001
First Polyethylene Plant

First Polyethylene Plant

Commenced operation of the first polyethylene plant (“AST1”) in Joffre, Alberta, utilizing the company’s proprietary Advanced SCLAIRTECH™ technology.

October2000

Commence Operation

NOVA Chemicals and Carbide Canada Inc. (now Dow Chemical Canada ULC) commence operation of a jointly owned third ethylene plant (“E3”) in Joffre, Alberta

January1999

Name Change

Name is officially changed to NOVA Chemicals Corporation (Previously NOVA Corporation)

August1998

Split from NOVA Corporation

NOVA Chemicals splits from parent company NOVA Corporation to become a stand-alone commodity chemical company.