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NOVA’s Gulf Coast entry boosts market share, opens export opportunities
NOVA Chemicals, the largest olefins producer in Canada, this week announced it was entering the US market with the purchase of Williams’ majority stake in the 2.06 billion lbs/yr Geismar cracker and its Mont Belvieu ethylene hub. Last month, it said it would partner with Total and Borealis in the construction of a 2.2 billion lbs/yr ethane cracker in Port Arthur.
The move, while not expected to exact a material impact on NGL or olefins prices, does increase NOVA’s standing as a major player in the North American olefins market by establishing a footprint in the Gulf Coast. With its Canadian assets, NOVA produces 8.05 billion lbs/yr of ethylene, representing nearly 10.9% of North American production. In the 2020 time frame, with both the Geismar and Port Arthur crackers under its belt, NOVA’s ethylene output could account for 11.5% of North American production.
The Distillation Column--A Blog on Refining
Read PetroChem Wire Editor and refinery industry expert Robert Sharp's new weekly blog that discusses industry and market trends, and the economics of petrochemicals, such as alkylate and raffinate, in the ever-changing refined products marketplace. See recent postings below:
Meet PCW Editors at Industry Events
PetroChem Wire's product manager Samantha Hartke will be speaking at Fleming's Capital Projects conference in Houston on May 23, addressing the current and future petrochemical infrastructure buildout in North America. To register for the conference, click here.
Samantha will also be addressing the future of petrochemical investment in the US Northeast and the outlook for potential new plants in the region May 24 at Kallanish Energy's North America Oil & Gas 2017 conference in Pittsburgh. To register for the conference, click here
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