MOSCOW (MRC) -- Nova Chemicals is likely to make a final investment decision on a new polyethylene plant for St. Clair Township only after mid-2017, as per Plastemart.
The new plant, a possible USD1 billion investment in Chemical Valley, was first proposed by Nova in 2011.
Currently, the company is moving forward with its study of the expansion of the Corunna plant by approximately 50%, to boost production from 5 mln lbs of ethylene a day to 8 mln lbs.
Nova is working with a partner on the pipeline project that will also required some internal retrofitting work at the Corunna cracker. The project is expected to cost slightly more than USD350 million.
As MRC informed before, in early 2013 NOVA Chemicals decided build two polyethylene (PE) plants and expand its ethylene capacity. NOVA has taken several actions to secure additional ethane feedstock supply for its crackers in Corunna, Ontario, and Joffre, Alberta.
Nova Chemical is one of the largest world's petrochemical companies, a manufacturer of polyethylene, styrene polymers, monomers, and many other related products.
MRC