CALGARY, CANADA: Nova Chemicals Corporation (Nova Chemicals) said that it has completed the previously announced acquisition of Williams Partners LP’s (Williams) 88.46 percent ownership interest in the Geismar, Louisiana olefins plant.
As part of the deal, Nova Chemicals now owns approximately 525 acres of undeveloped land adjacent to the plant and Williams’ interest in the Ethylene Trading Hub in Mt Belvieu, Texas.
The plant produces approximately 1.95 billion pounds of ethylene annually and is located in the US Gulf Coast region, the largest refining and petrochemical production hub in North America. With riverfront access, the adjacent land represents a significant opportunity for future growth.
CALGARY, CANADA: Nova Chemicals Corporation (Nova Chemicals) said that it has completed the previously announced acquisition of Williams Partners LP’s (Williams) 88.46 percent ownership interest in the Geismar, Louisiana olefins plant.
As part of the deal, Nova Chemicals now owns approximately 525 acres of undeveloped land adjacent to the plant and Williams’ interest in the Ethylene Trading Hub in Mt Belvieu, Texas.
The plant produces approximately 1.95 billion pounds of ethylene annually and is located in the US Gulf Coast region, the largest refining and petrochemical production hub in North America. With riverfront access, the adjacent land represents a significant opportunity for future growth.
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