Asian Chemical Connections
The ICIS Company of the Year for 2012 is Canada-based NOVA Chemicals, a firm that, rescued from near bankruptcy in 2009, has been restored as a growing and profitable olefins and polymers producer.
Nova's Corunna, Canada plant
NOVA's sales in 2011 grew by 14.5%, but those gains were turned into operating profits growth of 69% and the company's net profit more than doubled. Profit margins to sales and assets improved markedly while debt was paid down.
INSIGHT: China may see major ethylene shortfall by 2019
"At $50-90/bbl for Brent, UBS estimates the internal rate of return (IRR) for China CTO/MTO projects range from 5-10% – mostly too low to justify inve
VIDEO: ICIS Special Report: Innovation is key to success