Total, Borealis and Nova Chemical form $1.7B JV for Texas cracker and PE unit

Total SA, Borealis and Nova Chemical Corp announced a $1.7 billion joint venture to build a 1 million tonne per year ethane steam cracker in Port Arthur, Texas, and consider a 625,000 tonne per year polyethylene unit at Total's Bayport site. The cracker is scheduled to start in 2020.

“By joining forces with Borealis and Nova, we aim to create a major player in the U.S. polyethylene market.”financialpost.com

• 1 source
• financialpost.comTotal strikes joint venture with Borealis, Nova Chemical to invest $1.7B in U.S. polyethylene market - Financial PostReutersMar 27, 2017

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