History
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.
NOVA Chemicals Joins Global Alliance
NOVA Chemicals Joins Global Alliance to End Plastic Waste (AEPW) as a Founding Member.
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.
Project STOP
Announced $2 million USD investment in Project STOP — taking action to prevent plastic debris from reaching the ocean
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.
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”).
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.
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.
Mubadala
The government of the Emirate of Abu Dhabi transferred its ownership stake in IPIC to Mubadala, which became NOVA Chemicals’ parent company.
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.
Marcellus Shale
NOVA Chemicals announces first petrochemicals utilization of Marcellus Shale ethane at its Ontario cracker
Breaking Ground
Groundbreaking held for the construction of a new linear low-density polyethylene facility in Joffre, Alberta.
Growth Strategy Announced
NOVA Chemicals announces NOVA 2020 growth strategy to add value to emerging cost-competitive feedstocks and growing North America demand.
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.
First Polyethylene Plant
Commenced operation of the first polyethylene plant (“AST1”) in Joffre, Alberta, utilizing the company’s proprietary Advanced SCLAIRTECH™ technology.
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
Name Change
Name is officially changed to NOVA Chemicals Corporation (Previously NOVA Corporation)
Split from NOVA Corporation
NOVA Chemicals splits from parent company NOVA Corporation to become a stand-alone commodity chemical company.