“The power of this partnership between Total, Borealis and NOVA Chemicals will enable us to become one of the largest players in the North American polyethylene market,” said Bayport Polymers president Diane Chamberlain.
“The Borstar technology, which will be used for the first time in North America, will allow us to better serve our customers with an increased range of high-value-added products.”
Novealis itself is a joint venture between Borealis and NOVA Chemicals.
“This final investment decision is a major milestone in the development of this exciting partnership,” added Borealis chief executive Alfred Stern.
Financial details of the investment were not disclosed.
Picture source: Total