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USA: Polyethylene Production

Total, Borealis and Nova Chemicals Create JV in Pertrochemicals

| Editor: Alexander Stark

The partnership between TPRI, Borealis and Nova Chemicals will create a major player in the U.S. polyethylene market. (sample imagge)
The partnership between TPRI, Borealis and Nova Chemicals will create a major player in the U.S. polyethylene market. (sample imagge) (Source: Borealis)

Total Petrochemicals & Refining (TPRI), Borealis and Nova Chemicals announced they have closed a joint venture in petrochemicals on the US Gulf Coast after receiving all required regulatory approvals.

Houston/USA; Vienna/Austria — The company named Bayport Polymers (Bay-Pol) is 50 % owned by TPRI and 50 % owned by Novealis Holdings, a joint venture between Borealis and Nova Chemicals. Diane Chamberlain is appointed President of the new entity. The Bay-Pol joint venture includes: the under-construction 1 Mt/y ethane steam cracker in Port Arthur, Total’s existing polyethylene 400 kt/y facility in Bayport, and a new 625 kt/y Borstar polyethylene unit at Total’s Bayport site, subject to FID.

The partnership between TPRI, Borealis and Nova Chemicals will create a major player in the US polyethylene market, said Diane Chamberlain. The JV had a great opportunity to take advantage of low-cost feedstocks in the United States and deliver quality products that respond to the growing global demand for plastics, he added.

Total, Borealis and Nova Chemicals Form JV in Petrochemicals

USA: Petrochemicals

Total, Borealis and Nova Chemicals Form JV in Petrochemicals

21/02/2018 - Total, Borealis and Nova Chemicals announced that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the US Gulf Coast. read...

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