03 April 2012 20:11 [Source: ICIS news]
The studies are part of the company’s “NOVA 2020” growth strategy, said president of olefins and feedstock Grant Thompson on the sidelines of the International Petrochemical Conference (IPC) in San Antonio.
NOVA has taken several actions to secure additional ethane feedstock supply for its crackers in Corunna, Ontario, and Joffre, Alberta.
The new feedstock supplies would help the Joffre crackers reach capacity production rates, Thompson said, which in turn could feed a new derivatives plant.
“It is common knowledge that we haven’t been running our Joffre facility at capacity because of the feedstock situation in Alberta,” Thompson said. “We have done a number of things to resolve that beginning in 2014.”
NOVA has 2.8m tonnes/year of ethylene capacity at its Joffre complex.
“The feasibility studies that we are doing are looking at new derivative plants, what location we want to put them in, the timing, which NOVA technologies we’re going to do on these plants,” Thompson said. “Those studies are going on through 2012.”
NOVA is also “looking at how large can we economically make our ethylene facilities,” Thompson said. “We will be looking at both east and west facilities [Corunna and Joffre], which of course will have to coincide with continued growth in ethane feedstock.
“If we were looking at total dollar investment in this programme, before we look at any potential ethylene expansion, it is $1.5bn to 2bn [€1.1bn-1.5bn]”, he said.
Hosted by American Fuels & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
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