Home / Knowledge / News / Textiles / Nova plans expansion in North American markets
Nova plans expansion in North American markets
05
Jul '11
NOVA Chemicals Corporation announced plans for growth of its proprietary polyethylene technology to serve North American markets, which the company is calling “NOVA 2020.”

As a part of the company's strategy to capitalize on emerging feedstock opportunities and growing North American demand, NOVA Chemicals has begun feasibility and engineering work for the construction of two new polyethylene assets to be located at its sites in Alberta and Ontario. NOVA Chemicals will also complete studies for a further debottleneck of its low-density polyethylene line located at its Mooretown, Ontario facility.

The new polyethylene assets consist of:

• a world-scale Advanced SCLAIRTECH technology based line; and

• a world-scale NOVAPOL technology-based linear-low density line.

“As an integral part of International Petroleum Investment Company's (IPIC's) global growth plans, we are very excited about the planned expansion of NOVA Chemicals' position in North America,” said His Excellency Khadem Al Qubaisi, Managing Director of IPIC and Chairman of NOVA Chemicals. “IPIC fully supports these plans that will enhance NOVA Chemicals' leading technology and market position.”

The completion of all engineering and feasibility studies is expected by mid-2012, and start-up of the debottleneck project and polymer expansions is targeted between late 2014 and 2017.

“We are committed to leadership in the markets we serve. Our ability to meet our customers' needs for higher performance polyethylene products is fundamental to this commitment. Growing our Advanced SCLAIRTECH technology capability - the core of our technology base - together with our proprietary gas-phase capacity, will deliver real value for our customers,” stated Randy Woelfel, NOVA Chemicals' Chief Executive Officer.

In support of the polyethylene expansions, ethylene supply growth will be derived from the increased utilization of existing Joffre cracker capacity, along with expansion of the Corunna cracker. This planned increase in ethylene production will be supported by emerging, cost- competitive feedstock supply from a diverse portfolio of new feedstock sources, linked to both shale oil and shale gas development, oil sand upgrading off-gases and expansion in supply from conventional ethane extraction capacity.

As an update for the conversion of the Corunna, Ontario olefins cracker, detailed engineering and field tie-in preparation work is progressing well, in line with the goal of reaching full NGL feed capability by the end of 2013.

NOVA Chemicals develops and manufactures chemicals, plastic resins and end-products that make everyday life safer, healthier and easier. 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, is a wholly owned subsidiary of International Petroleum Investment Company (IPIC) of the Emirate of Abu Dhabi, United Arab Emirates.

NOVA Chemicals Corporation


Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Certification for Philippine garment firms availing GSP

Textiles | On 20th Jun 2018

Certification for Philippine garment firms availing GSP

The Philippines has adopted rules on securing certificate of...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search