Adhesives Mag logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Adhesives Mag logo
  • NEW PRODUCTS
  • NEWS
    • Adhesives & Sealants Headlines
    • Mergers/Acquisitions
    • Events Calendar
    • Market Trends
  • TOPICS
    • Finished Adhesives and Sealants
    • Pressure-Sensitive Adhesives (PSAs)
    • Coatings
    • Raw Materials and Chemicals
    • Materials Handling/Processing
    • Meter/Mix/Dispense
    • Curing
    • Testing/Quality Control
    • Packaging of Adhesives & Sealants
    • Converting/Packaging
    • Composites
    • Sustainability
  • COLUMNS
    • European Perspectives
    • Strategic Solutions
    • Supply Chain Strategies
    • Tape Talk
  • TOP 20
  • MULTIMEDIA
    • Videos
    • Podcasts
    • Webinars
    • eBooks
  • EXPLORE
    • Adhesives in Action
    • Blog
    • ASI Store
    • Industry Links
    • Market Research
    • Classifieds
  • DIRECTORIES
    • Buyers' Guide
    • Global Adhesives & Sealants Directory
    • Raw Materials, Chemicals, Polymers and Additives Handbook
    • Equipment Handbook
    • Distributor Directory
  • EMAGAZINE
    • EMAGAZINE
    • ARCHIVE ISSUES
    • ADVERTISE
      • Custom Content & Marketing Services
    • CONTACT
  • SIGN UP!
Adhesives and Sealants TopicsAdhesives & Sealants HeadlinesRaw Materials and ChemicalsInfo for Transportation

Total, Borealis and NOVA Chemicals to Form Petrochemicals Joint Venture

The joint venture will commence subject to customary closing conditions, including receipt of regulatory approvals.

acquisitions_mergers_gears
February 23, 2018

Total S.A., Borealis AG and NOVA Chemicals Corp. recently announced they have signed definitive agreements to form a joint venture in petrochemicals on the U.S. Gulf Coast. The joint venture, in which Total will own 50% and Novealis Holdings LLC, a joint venture between Borealis and NOVA Chemicals, will own the remaining 50%, will commence subject to customary closing conditions, including receipt of regulatory approvals.

The joint venture will include:

  • The under-construction 1 Mt/y ethane steam cracker in Port Arthur, Texas;
  • Total's existing polyethylene 400 kt/y facility in Bayport, Texas; and
  • A new 625 kt/y Borstar ® polyethylene unit at Total's Bayport, Texas, site, following a decision on the outcome of an acceptable EPC contract.

"This agreement is a key milestone for this integrated petrochemicals project. This joint venture is aligned with Total's strategy to strengthen our position by taking advantage of low-cost U.S. gas," said Bernard Pinatel, president, refining and chemicals, Total. "We look forward to working with Borealis and NOVA Chemicals to create world-class facilities and become a major player in the growing U.S. and global market for polyethylene."

"The joint venture with Total and NOVA Chemicals is a key project in advancing our global growth,” said Borealis CEO Mark Garrett. “Not only are we convinced of the excellent cost-economics of this integrated brownfield investment project, but we are also excited to bring our unique product grades based on our Borstar technology to the North American market."

"A key component of NOVA Chemicals' growth strategy is to expand beyond our traditionally Canadian footprint by extending our presence in the U.S. Gulf Coast," said NOVA Chemicals CEO Todd Karran. "Partnering with Total and Borealis will allow us to better serve our customers throughout the Americas by delivering a broader slate of products that help make everyday life healthier, easier and safer."

For more information, visit www.total.com, www.novachem.com or www.borealisgroup.com.

KEYWORDS: expansion feedstocks resins and base polymers

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • mouse in hole

    Using Foam Sealants for Pest Prevention

    According to the National Pest Management Association,...
    Finished Adhesives and Sealants
    By: Kevin Corcoran
  • linked network nodes

    Using the Power of AI for Adhesive and Sealant Formulation

    With the help of software solutions, adhesive formulators...
    Finished Adhesives and Sealants
    By: Karen Parker
  • top20-hero.jpg

    2024 ASI Top 20: Leading Global Manufacturers of Adhesives and Sealants

    ASI's annual ranking of the top 20 global adhesive and...
    Adhesives and Sealants Topics
Manage My Account
  • eMagazine Issues
  • eNewsletter
  • Online Registration
  • Manage My Preferences
  • Subscription Customer Service

More Videos

Popular Stories

Picture of a tub and a tube of an epoxy

CREATIVE MATERIALS INC.: Conductive Epoxies

cardboard packaging

Utilizing Biobased Materials to Enable Sustainability in Hot-Melt Pressure-Sensitive Adhesives

rolls of tape

What’s Next in Tapes: A Look at Industry Trends

ASI Top 20 website

Events

January 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Products

Structural Adhesives: Properties, Characterization and Applications

Structural Adhesives: Properties, Characterization and Applications

See More Products

ASI CASE EBOOK

Related Articles

  • RawMaterials.jpg

    Pinova, Ensyn to Form Joint Venture

    See More
  • RawMaterials.jpg

    Momentive to Form Specialty Resins Joint Venture

    See More
  • RawMaterials.jpg

    INEOS, Sinopec to Form Joint Venture

    See More

Related Products

See More Products
  • adhesive-bonding-materials.gif

    Adhesive Bonding: Materials, Applications and Technology

See More Products

Related Directories

  • Kenrich Petrochemicals Inc.

    Manufactures Ken-React® monoalkoxy, neoalkoxy, chelate, coordinate titanates, zirconates, and aluminates in liquid, powder, and pellet form for adhesion promotion, interfacial bonding, mechanical properties, polymer flow, catalysis, anti-corrosion, anti-aging, flexibilizing, exfoliation, and to disperse fillers such as CaCO3, carbon black, graphene, and BN, absent the need for hydrolysis as with silanes.
×

Keep the info flowing with our eNewsletters!

Get the latest industry updates tailored your way.

JOIN TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey & Sample
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • Youtube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing