29 June 2010 17:27 [Source: ICIS news]
Correction: In the ICIS news story headlined "NOVA to nearly triple LDPE capacity at plant in Moore, Ontario" dated 29 June 2010, please read the headline as "NOVA to raise LDPE capacity at Ontario site to 410m lb/year" instead of "NOVA to nearly triple LDPE capacity at plant in Moore, Ontario".
Please read in the first paragraph NOVA Chemicals will increase the low-density polyethylene (LDPE) capacity at its plant near Sarnia, Ontario… instead of NOVA Chemicals will nearly triple the low-density polyethylene (LDPE) capacity at its plant in Moore, Ontario ….
Please read in the third paragraph …rise to 410m lb (186,000 tonnes) from 275m lb… instead of …400m lb (181,000 tonnes) from 135m lb…. A corrected story follows.
HOUSTON (ICIS news)--NOVA Chemicals will increase the low-density polyethylene (LDPE) capacity at its plant near Sarnia, Ontario, in an expansion project it should complete by the end of September, the company said on Tuesday.
Customers said the plant would be shut down for the expansion project at the beginning of August.
When NOVA completes the project, the plant's LDPE capacity would rise to 410m lb (186,000 tonnes) from 275m lb, the company said. However, it could take some months before the plant reached full capacity.
While NOVA ramps up capacity, it also plans to develop products for the next 6-12 months following the start-up of the expansion.
The project involves installing a large hyper-compressor to replace the plant’s existing 30-year-old compressor.
NOVA is investing more than Canada dollar (C$) 100m ($97m, €79m) in the expansion project.
North American LDPE supply has been tight in recent months, with supply curtailed from at least three major producers, according to market participants.
Producers raised the premium for LDPE grades by 2 cents in May and were pushing to implement a similar hike in June.($1 = C$1.03)
ICIS has launched weekly pricing reports in Africa for polyethylene and polypropylene. For more information contact Nadine Spoeri
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