10 April 2008 22:42 [Source: ICIS news]
"The Alaskan pipeline announcement is a big plus for our company and a big plus for the industry in Alberta," said Jeffrey Lipton, chief executive of NOVA.
Lipton was speaking to the company's shareholders during NOVA's annual meeting.
Lipton said the ethane from the natural gas will be extracted in Alberta. That way, the gas can use the existing transportation facilities as it makes its way to the US.
The resulting ethane would be enough to support two large ethylene crackers, he said. Lipton did not give capacity figures.
In other natural gas news, Lipton said discoveries continue along the Horn River Basin in northeastern British Columbia. Estimates for one announcement total 15,000-25,000 bcf.For more on ethylene visit ICIS chemical intelligence
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