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Company Intelligence: Nova Chemicals

Nova Chemicals | Strategy and Financial Highlights Information from ICIS

 

Edited from ‘Nova Chemicals 20F’, company website.

 

‘NOVA 2020’ is NOVA Chemicals long-term asset strategy to capitalise on emerging feedstock opportunities and growing North American demand.

 

Its key focus will be to take advantage of emerging feedstock supply from a portfolio of new feedstock sources to enhance its market position by expanding its ethylene and polyethylene footprint, including,

 

  • - converting its Corunna cracker to utilise up to 100% natural gas liquids (NGLs);
  • - plans for a potential further expansion of its Corunna cracker;
  • - the construction of two new world-scale polyethylene facilities to be built in Alberta and Ontario; and
  • - further debottleneck of its low-density polyethylene (LDPE) asset in Ontario. Start-up of the debottleneck project and polymer expansions are targeted to be completed between late 2014 and 2017.

 

The conversion of the Corunna cracker is expected to cost approximately $250m and be completed prior to the other projects in early 2014.

 

The remaining projects in the ‘NOVA 2020’ plan are forecasted to cost more than $1.5bn over the next seven years.

 

Please also see AFPM ’12: Canada’s NOVA studies building two PE plants

 

Download the The ICIS Top 100 Chemical Companies listing here

 

Financial highlights: Nova Chemical, year ended 31 December

 

2011

 2010

 2009

 2008

 2007

Sales ($ m)

5,241

4,576

2,957

7,366

6,732

Operating Profit ($ m)

1,007

590

-112

56

553

Net Profit ($ m)

615

259

-241

-40

347

Total Assets ($ m)

6,208

5,670

5,596

4,006

4,856

Number of Employees

2,450

2,445

2,500

2,850

 2,820

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Nova Chemicals Company Structure

Nova Chemicals is a focused commodity chemical company, producing styrenics and olefins/polyolefins. Nova Chemicals' roots stem back to the 1950's when it began life as The Alberta Gas Trunk Line Company. In July 1998, Nova Chemicals was launched as an independent company.
More about Nova Chemicals Structure

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