16 January 2014
Details
NOVA Chemicals Corporation
today celebrated its commitment to
the Sarnia, Ontario region
during a ceremony to commemorate
the first barrels of ethane sources
from Marcellus Shale Basin
during being utilized at its Corunna, Ontario cracker.
Nova Chemicals began consuming
this new feedstock in late December 2013
as part of a project to revamp its Corunna, Ontario cracker
to utilize up to 100 % natural gas liquid feedstock
in line with its strategy to
ensure the long-term economic viability of its Ontario assets.
NOVA Chemicals,
Randy Woelfel, CEO
- The introduction of Marcellus Shale Ethane into
the feedstock diet at our Corunna cracker marks
a tremendous milestones in our journey to
utilize more cost-competitive feedstock in Ontario,
which should result in stronger and
more consistent financial performance of our
Ontario-based assets.
- This is a critical component to
our NOVA 2020 growth strategy
of capitalizing on new feedstock sources
to meet our current needs and expanding customers demands.
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