07 May 2013 21:08 [Source: ICIS news]
HOUSTON (ICIS)--NOVA Chemicals cracker in Corunna, Ontario, could begin receiving ethane from the Marcellus Shale in the next few months, part of the company's plan to have the plant use up to 100% natural gas liquids (NGLs), the company's CEO said on Tuesday.
By the first part of 2014, the cracker should be fully capable of cracking light feeds, said Randy Woelfel, NOVA CEO. Woelfel made his comments during an earnings conference call.
The company has signed several ethane supply memorandums of understanding (MoUs) to procure, transport and use Marcellus Shale Basin ethane as the primary feedstock for its Corunna complex.
Other arrangements include agreements with Hess and Vantage Pipeline to buy and transport up to 60,000 bbl/day of ethane from Hess's Tioga gas plant in North Dakota, and an agreement with a Williams subsidiary to produce up to 17,000 bbl/day of ethane/ethylene mix extracted from off-gas.
More NGLs could come from off-gas derived from the oil sands in Alberta, Woelfel said.
Because of these new supplies of NGLs, NOVA should be able to consistently run its Alberta polyethylene (PE) plants at full capacity by the end of this year, he said.
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