# 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.

- Type: Acquisition
- Announced: 2017-04-17
- Where: Geismar, Louisiana, United States
- Value: $2.10B
- Status: announced
- Capacity: 1.95 billion pounds of ethylene annually
- Products: ethylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Williams Partners](https://endata.com/companies/1957.md) (target)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/04/17/1643341/0/en/NOVA-Chemicals-signs-agreement-to-grow-its-U-S-Gulf-Coast-presence.html), 2017-04-17: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.