MOSCW (MRC) -- NOVA Chemicals named Rocky Vermani senior vice president, olefins and feedstock, said the company.
NOVA Chemicals Corporation announced that Naushad Jamani, senior vice president, olefins and feedstock will retire effective October 31, 2019 after a distinguished 40-year career at NOVA Chemicals and predecessor companies. Rocky Vermani, previously vice president, olefins feedstocks has been appointed to the role of senior vice president, olefins and feedstock and a member of the NOVA Chemicals Management Board, effective October 1, 2019.
During his tenure, Jamani was instrumental in diversifying the company’s feedstock portfolio by taking advantage of conventional and new sources of ethane, including gaining additional access to the U.S. Gulf Coast, and securing NOVA Chemicals as the first mover for Marcellus Shale ethane. In 2006, he was promoted to vice president olefins, commercial, overseeing the sales, marketing, logistics and customer service for olefins products within NOVA Chemicals. In 2016, he was appointed to the NOVA Chemicals Management Board as senior vice president, olefins and feedstock where he has been responsible for leading the olefins business.
A tireless advocate for NOVA Chemicals’ industry, Jamani served as the chairman of the Resource Diversification Council and held a seat on the Board of Directors for the Chemistry Industry Association of Canada, working to shape public policy that supports innovation, investment, jobs and the environment within Canada.
Vermani was previously vice president, olefins and feedstock. His appointment becomes effective on 1 October.
He will replace Naushad Jamani, who will retire from NOVA on 31 October after 40 years with the company.
NOVA said Jamani was instrumental in diversifying the company's feedstock to take advantage of new sources of ethane, made possible by the advent of shale gas in the US.
As MRC informed before, in June 2019, Chevron Phillips Chemical Company, a joint venture between Chevron Corp and Phillips 66, offered to acquire Nova Chemicals Corp for more than USD15 billion including debt.
We also remind that in January 2017, NOVA Chemicals Corporation, a leading supplier of polyethylene in the Americas, announced the start up of its new world-scale linear low density polyethylene (LLDPE) gas phase reactor at its Joffre, Alberta site.
According to MRC's ScanPlast report, LLDPE shipments to the Russian market increased in the first seven months of 2019 by 8% year on year to 234,130 tonnes. Local producers increased their production by 24%.
Nova Chemical is one of the largest world's petrochemical companies, a manufacturer of polyethylene, styrene polymers, monomers, and many other related products.