Total, Borealis and NOVA Chemicals sign definitive agreements for U.S. Gulf Coast petrochemical joint venture

Total, Borealis and NOVA Chemicals signed definitive agreements to form a joint venture on the U.S. Gulf Coast. Total will own 50% and Novealis Holdings (Borealis and NOVA Chemicals) will own 50%. The JV includes an under-construction ethane cracker in Port Arthur, Texas, Total's existing polyethylene facility in Bayport, Texas, and a new Borstar polyethylene unit at Bayport.

“This agreement is a key milestone for this integrated petrochemicals project.”prnewswire.com

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• prnewswire.comU.S.: Total, Borealis and NOVA Chemicals sign definitive agreements to form a joint venture in petrochemicalsTotalFeb 19, 2018

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