02 May 2011 22:37 [Source: ICIS news]
HOUSTON (ICIS)--Canada-based NOVA Chemicals signed a memorandum of understanding (MoU) to secure ethane supplies from the Marcellus Shale, the company said on Monday.
A subsidiary of Range Resources will supply the ethane, NOVA said. The feedstock will go to NOVA's cracker in Corunna, Ontario.
Before the arrangement can become effective, NOVA needs to close on a pipeline-transportation agreement, so the ethane could be shipped to Corunna.
The arrangement with Range is one of several that NOVA has made to secure feedstock.
NOVA also had made an ethane supply agreement with Caiman Energy. The ethane will also come from the Marcellus Shale.
In February, NOVA announced plans to buy and transport ethane from North Dakota via a proposed pipeline to Alberta.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections