NOVA Chemicals to acquire Williams' Geismar olefins plant for $2.1B

NOVA Chemicals agreed to acquire Williams' 88.46% ownership interest in the Geismar, Louisiana olefins plant, 525 acres of adjacent land, and interest in the Ethylene Trading Hub for $2.1 billion. The plant produces approximately 1.95 billion pounds of ethylene annually.

“This transaction provides us with the opportunity to acquire an operating facility with immediate, positive cash flow, and with access to new customers and the benefits of an experienced workforce.”globenewswire.com

• 1 source
• globenewswire.comNOVA Chemicals signs agreement to grow its U.S. Gulf CoastNOVA Chemicals CorporationApr 17, 2017

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