# Total, Borealis and NOVA Chemicals close petrochemical joint venture on U.S. Gulf Coast

Total, Borealis and NOVA Chemicals closed a joint venture named Bayport Polymers LLC, combining existing and new petrochemical assets on the U.S. Gulf Coast. The JV is 50% owned by Total and 50% by Novealis Holdings LLC (a Borealis/NOVA Chemicals JV).

- Type: Acquisition
- Announced: 2018-05-23
- Where: Port Arthur, Texas and Bayport, Texas, United States
- Status: completed
- Capacity: 1 Mt/y ethane steam cracker; 400 kt/y polyethylene facility; 625 kt/y Borstar polyethylene unit
- Products: polyethylene, ethane
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Total](https://endata.com/companies/406.md)
- [Borealis](https://endata.com/companies/242.md) (partner)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (partner)
- [Bayport Polymers](https://endata.com/companies/32031.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/total-borealis-and-nova-chemicals-close-their-joint-venture-in-petrochemicals-300653952.html), 2018-05-23: "We're excited for the future of our new company."

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