Borealis, Nova Chemicals and Total plan joint venture for Texas petrochemical plant

Borealis and Nova Chemicals have signed a preliminary agreement with Total Petrochemicals and Refining to form a joint venture to build a 1000 ktpa ethylene cracker in Port Arthur, Texas, and a 625 ktpa Borstar PE plant in Bayport, Texas. The JV is expected to be established in late 2017 with a final investment decision then, and start-up planned for late 2020.

“Working in a JV with NOVA Chemicals and Total on a cost-effective brownfield investment project, integrated with a cracker, is an attractive opportunity.”interplasinsights.com

• 1 source
• interplasinsights.comBorealis, Nova Chemicals and Total announce intention for new polyethylene plant - Interplas InsightsJohn CarlonApr 13, 2017

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