NOVA Chemicals will move forward with the second phase of its NOVA 2020 growth strategy in Ontario, and continues to evaluate options for a second Advanced SCLAIRTECHTM technology (AST) facility.
This next phase of the NOVA 2020 growth strategy, anticipated to take place over the 2014 to 2018 timeframe, will concentrate on several expansions and upgrades to NOVA Chemicals’ existing facilities in the Sarnia, ON region, including:
· Expanding the Corunna cracker ethylene manufacturing capacity by approximately 20%;
· Pursuing a debottleneck at the Moore low-density polyethylene (PE) line; and
· Pursuing a retrofit of the Moore high-density PE line.
“We are excited to move forward with the next phase of growth for our Eastern Canadian Olefins and PE assets, building on the imminent completion of our Corunna feedstock conversion project. In parallel with the planned implementation of these projects, which could represent investment exceeding $300 million, we will continue to investigate options for a second AST facility,” stated NOVA Chemicals CEO Randy Woelfel.
These projects are intended to build on the impact of the Corunna cracker conversion to utilize up to 100% natural gas liquids (NGLs).
The company has stated a second AST facility could be located in Ontario, the U.S. Gulf Coast or elsewhere in the world.
Headquartered in Calgary, NOVA Chemicals develops and manufactures chemicals, plastic resins and end-products.