BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X


Nova Chemicals to expand Corunna cracker, build new PE plant in Ontario

Houston (Platts)--8 Dec 2017 506 pm EST/2206 GMT


Nova Chemicals plans to increase its ethylene production at its Corunna steam cracker and build a new polyethylene facility in the Sarnia-Lambton region of Ontario, the company said Friday.

The project includes expansion of the 816,466 mt/year Corunna steam cracker by 50%, which will provide ethylene feedstock to a new 450,000 mt/year polyethylene facility -- Nova's second Advanced SCLAIRTECH technology facility (AST2).

"Site preparations are currently underway for both projects, with start-up targeted for late 2021," Nova said in a statement.

Nova plans to invest more than CDN $2 billion -- the single largest business investment in the Sarnia-Lambton region, with the Province of Ontario contributing up to $100 million to the project, according to The Chemistry Industry Association of Canada.

Nova is in the process of converting the Corunna cracker from utilizing 100% NGLs to utilizing 100% ethane as feedstock.

The project is currently underway with a planned completion target for 2018, comapny spokesman Mark Horner said.

The Corunna capacity expansion is in addition to the feedstock conversion project.

--Nida Qureshi, nida.qureshi@spglobal.com
--Edited by Richard Rubin, richard.rubin@spglobal.com

Request a free trial of: Polymerscan Polymerscan
Polymerscan

Each week Polymerscan works diligently to provide useful and current coverage of the continuously changing, global plastic resin marketplace. With Polymerscan you will receive more than 200 price assessments that cover the regional and domestic markets in Asia, Europe, the Middle East, the United State and Latin America. Products on our radar screen include LDPE, LLDPE, HDPE, PP, PVC, PS and ABS.

Request a free trial More Information




Copyright © 2018 S&P Global Platts, a division of S&P Global. All rights reserved.