Canada: Expansion of Cracker Capacity Nova Chemicals Announces Growth Projects in Canada
Nova Chemicals announced two projects for its Ontario operations involving a capital investment expected to exceed $ 1.55 billion.
Calgary/Canada — The announcement marks the addition of two new large-scale capital investments in the Sarnia-Lambton region. The expansion of the company's Corunna cracker by approx. 50 % will provide ethylene feedstock to a new polyethylene facility — the second Advanced Sclairtech technology facility (AST2). The AST2 facility is designed to increase the manufacturers polyethylene production capacity by approx. 450 kilotons per year. Site preparations are currently underway for both projects, with start-up targeted for late 2021.
Earlier this year, Nova Chemicals acquired the Geismar Olefins Facility located in Louisiana, an operating facility with positive cash flow and significant opportunity for future growth. An additional opportunity to help meet the growing consumer demand for polyethylene continues to progress. Specifically, the proposed Joint Venture with Borealis and Total involving Total’s existing Bayport, Texas polyethylene facility, development of a new light feed cracker in Port Arthur, Texas and a new Borstar technology polyethylene facility in Bayport, with expected start-up in 2020.