NOVA Chemicals recognized as top employer in Alberta in 2024

NOVA Chemicals recognized as top employer in Alberta in 2024

MRC -- NOVA Chemicals Corporation is honoured to be named a 2024 Top Employer in Alberta for its leadership in talent recruitment and retention within the petrochemical industry, said the company.

The annual list, organized by Canada’s Top 100 Employers, annually recognizes select companies across the country as exceptional places to work based on criteria including workplace environment, social atmosphere, benefits, skills training, performance management, and community involvement.

"We are humbled to be recognized as a top employer in Alberta. Our vision at NOVA is to foster an agile, high-performing, and engaged team of employees and this recognition underscores this commitment to our people,” said Mona Jasinski, NOVA Chemicals SVP of HR and Communications. “Investing in our employees’ growth and development, creating a positive and supportive work environment, and building a modern and thriving learning culture all have direct impacts on our incredible organization, as well as our partners up and down the value chain."

Jasinski continued, “Alberta employers have always stepped forward to compete for the best and brightest talent that lives right here in our province. We’re proud to have operated in the region for nearly 50 years and to have created an environment where employees feel engaged, valued, and like they make positive impacts through their work.”

With its global headquarters in Calgary and approximately 2,200 of its 2,500 employees located across Canada, NOVA Chemicals encourages its people to use a human-centered and value-driven approach, upholding the pillars of passion, collaboration, responsibility, and innovation.

The sustainable polyethylene company aspires to become the leading sustainable polyethylene producer in North America. In 2023, it launched its strategic plan for 2030, which includes environmental, social, and corporate governance (ESG) ambitions.

We remind, Amcor, a global leader in developing and producing responsible packaging solutions, today announced a Memorandum of Understanding (MOU) with leading sustainable polyethylene producer NOVA Chemicals Corporation (“NOVA Chemicals”) for the purchase of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films. Increasing the use of rPE in flexible packaging applications is an important element of Amcor’s commitment to support packaging circularity.

SOCAR ships Azeri BTC oil to Thailand via Cape of Good Hope

SOCAR ships Azeri BTC oil to Thailand via Cape of Good Hope

MRC -- Azerbaijan's state oil company SOCAR is shipping Azeri BTC oil to Thailand via Africa's Cape of Good Hope to avoid the Red Sea, according to LSEG and Kpler data and traders, said Hydrocarbonprocessing.

Attacks by Yemen-based Houthi forces on shipping in the Red Sea and Gulf of Aden are driving up freight costs and disrupting global trade.

The Tilos I is carrying some one million barrels of Azeri BTC crude oil which was loaded at Turkey's Ceyhan port on January 22, according to LSEG and Kpler consultancy data.

The cargo is expected to offload in Sri Racha, Thailand, on March 8, the data showed. The manager of the cargo is Greek shipping company Dynacom, according to LSEG data.

SOCAR and Dynacom did not replay to Reuters' requests for comment.

We remind, Polymetal maintains the plan to sell its Russian assets by the end of the first quarter of 2024, the silver and gold miner's CEO Vitaly Nesis said during a conference call. Polymetal has reduced the circle of contenders for the assets to one potential buyer from Russia, and the company is currently negotiating with the potential buyer, otherwise it would be impossible to talk so confidently about the timing, Nesis said. The buyer is from Russia.

Covestro and Siemens conclude strategic supplier agreement

Covestro and Siemens conclude strategic supplier agreement

MRC -- Covestro and Siemens have concluded a strategic supplier agreement for the next five years, said the company.

This framework agreement is the basis for all future business relationships that exist between the two companies in many different areas. The agreement is worth a high double-digit million euro amount and enables much faster and easier collaboration. Until now, Covestro and Siemens have always concluded individual supply agreements for different material groups and services.

The new structure now provides a general framework and serves as the basis for all future contracts and agreements between the companies. It covers the full range of Siemens' offering, from the purchase of materials to the supply of complex solutions, for which Siemens will be involved in the early stages of project development at Covestro.

We remind, Covestro is investing a mid to high double-digit million euro amount in the modernization of its production plant in Dormagen by 2025. The plant was commissioned in early 2015 and is considered one of the most advanced TDI production facilities in the world due to the use of the gas phase technology developed by Covestro.

LyondellBasell agrees to buy 35% stake in Saudi Arabia-based firm Natpet

LyondellBasell agrees to buy 35% stake in Saudi Arabia-based firm Natpet

MRC -- LyondellBasell (LYB) said that it has entered into an agreement to acquire a 35% interest in Saudi Arabia-based National Petrochemical Industrial Co (Natpet) from Alujain Corp for around $500 mln, said the company.

Natpet currently has about 400,000 tonnes/y of polypropylene (PP) capacity. Alujain and LYB are jointly studying the potential construction of a propylene via propane dehydrogenation and PP facility at the Natpet site, subject to a final investment decision. Closing of the transaction is subject to regulatory and other customary closing conditions.

We remind, Bora LyondellBasell Petrochemical, a collaborative venture between the privately owned Liaoning Bora Enterprise and the global petrochemical leader LyondellBasell (LBI), successfully recommenced the production of low-density polyethylene (HDPE), linear polyethylene (LDL), and polypropylene (PP) at its Panjin facility in China on January 5. This resurgence follows a scheduled shutdown for preventive maintenance that commenced on December 27 of the previous year. The production facility, boasting an annual capacity of 350 thousand tons of HDPE, 450 thousand tons of LDL, and 200 thousand tons of PP, has played a pivotal role in the regional petrochemical landscape.

Sika and Belknap-Haines expand partnership for flooring adhesives

Sika and Belknap-Haines expand partnership for flooring adhesives

MRC -- Sika Corporation announced an expanded partnership with Belknap-Haines, a national flooring distributor that provides flooring and installation supplies to contractors and flooring professionals across the Northeast, Mid-Atlantic, and Southeast regions, said the company.

Belknap-Haines has been selling DriTac products for over 19 years and will continue to offer Sika-DriTac brand wood and resilient flooring adhesives, while now also carrying and promoting Sika brand flooring installation solutions. This includes Sika wood flooring adhesives, subfloor preparation moisture barriers, primers, skimcoat, self-leveling underlayment, sound abatement, and more, all from a single-source provider.

With 23 locations spanning 27 states throughout the Northeast and Mid-Atlantic Eastern seaboard regions, Belknap-Haines will market and distribute Sika and Sika-DriTac products throughout its entire footprint, enabling their contractors and installers to purchase all of their flooring and installation-related product needs in one stop.

We remind, Sika has put into operation new production lines for the concrete admixture Sigunit® in Kirchberg, in the Canton of Berne, thereby investing in the expansion of manufacturing capacities in its home market, said the company. The shotcrete accelerator is mainly used in tunneling and excavation stabilization.