25 March 2013 21:53 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--NOVA Chemicals is in the engineering phase of its planned new 1bn lb/year (454,000 tonne/year) linear low density polyethylene (LLDPE) plant in Joffre, Alberta, Canada, a senior executive said on Monday.
“We are in the engineering phase but have full board and owner approval to proceed,” said Grant Thomson, NOVA president of olefins and feedstocks, on the sidelines of the International Petrochemical Conference (IPC).
“It will be the first LLDPE plant in North America in more than a decade,” he added.
The facility is scheduled for completion in late 2015, said Thomson.
NOVA is also in the earlier stages of planning to build another Advanced Sclairtech polyethylene (PE) of around 470,000 tonnes/year, potentially in eastern Canada near its Corunna site.
“By the end of 2013 we should finish evaluating our options and by 2014 we would come to a decision point,” said Thomson.
Canada-based NOVA is owned by Abu Dhabi-based International Petroleum Investment Company (IPIC).Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
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