# Borealis acquires NOVA Chemicals' stake in Novealis joint venture

Borealis has completed the acquisition of NOVA Chemicals' 50% ownership interest in Novealis Holdings LLC, which holds a 50/50 joint venture with Total in Bayport Polymers (Baystar) in Houston, Texas.

- Type: Acquisition
- Announced: 2020-06-25
- Where: Houston, Texas, United States
- Status: completed
- Products: polypropylene, Borstar technology products
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Borealis](https://endata.com/companies/242.md) (acquirer)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Novealis Holdings LLC](https://endata.com/companies/34723.md) (target)

## Sources

- [modernplasticsglobal.com](https://www.modernplasticsglobal.com/borealis-acquires-full-ownership-of-nova-chemicals-interest-in-novealis-joint-venture/), 2020-06-25: "This acquisition supports our global growth ambitions."

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