Nova Chemicals plans for an expansion worth of Cdn $2 billion in Canada

Specifications:

Name:

Nova Chemicals plans for an expansion worth of Cdn $2 billion in Canada

Location:

Canada

Company:

NOVA Chemicals

Estimated Cost:

Cdn $2 billion

Source:

novachem.com

Introduction:

NOVA Chemicals Corporation announced two significant growth projects for its Ontario operations involving a capital investment expected to exceed .

Features:

This brings industry-leading manufacturing technology to Ontario, with improved product performance and increased energy efficiency.

The announcement marks the addition of two new large-scale capital investments in the Sarnia-Lambton region. The expansion of NOVA Chemicals’ Corunna cracker by approximately 50 percent will provide ethylene feedstock to a new polyethylene facility, NOVA Chemicals’ second Advanced SCLAIRTECH™ technology facility (AST2). The AST2 facility is designed to increase NOVA Chemicals’ polyethylene production capacity by approximately 950 million pounds (450 kilotons) per year.

“We are pleased to be moving forward with this growth opportunity and thankful for the support from the provincial government. With this investment, we are bringing innovation to the North American and global marketplace, investing in our highly skilled people and creating a solid future for the communities in which we operate. This was made possible by our talented teams across Canada, the strong support of the community and collaboration with Ontario,” said Naushad Jamani, Senior Vice President, Olefins and Feedstocks, NOVA Chemicals.

Site preparations are currently underway for both projects, with start-up targeted for late 2021.