NOVA Chemicals plans to expand ethylene production capacity
by 20% at its cracker in Corunna, Ontario, the company
confirmed on Thursday.
The Corunna cracker has a current capacity of about 839,000
tpy, according to media reports.
will occur between 2014
and 2018, according to the company. It will be part of a wave
s and upgrades to NOVA's
near Sarnia, Ontario.
Other upgrades in the plan include a debottlenecking of the
Moore low-density polyethylene (LDPE) line and a retrofit of
the Moore high-density polyethylene (HDPE) line.
s are intended to build on
the impact of the Corunna cracker conversion to utilize up to
100% natural gas
liquids (NGLs) to
enhance NOVA Chemicals capabilities to meet growing and
more sophisticated customer demands," the company said in a
The estimated cost of the projects, under the company's
NOVA 2020 growth strategy, is $300 million.
"We are excited to move forward with the next phase of growth
for our Eastern Canadian olefins and PE assets, building on
the imminent completion of our Corunna feedstock
," said company CEO Randy
"In parallel with the planned implementation of these
projects, which could represent investment exceeding $300
million, we will continue to investigate options for a second
AST [advanced SCLAIRTECH technology
] facility," he
"We believe phasing of implementation of the NOVA
projects is the optimal path forward to maintain
NOVA Chemicals financial strength and optionality while
recognizing the market challenges for project