COMPANY HISTORY
developing our plastics and chemicals business
NOVA Chemicals commenced operation of its first ethylene facility (E1)
in Joffre, Alberta in 1979. A second ethylene facility (E2) commenced operations in Joffre, Alberta in 1984,
in tandem with a linear low-density polyethylene facility (PE1). In February 1987, NOVA Chemicals acquired its low-density and high-density
polyethylene facility near Mooretown, Ontario, from Union Carbide Canada Ltd.
and Union Carbide Corporation. In September 1988, NOVA Chemicals acquired Polysar Energy & Chemical Corporation,
a company with significant petrochemical operations. Through this purchase,
NOVA Chemicals acquired its Corunna, Ontario olefins facility, its original styrenics
business and a rubber business that was subsequently sold to Bayer AG
in October 1990. In January 1994, NOVA Chemicals completed a series of transactions whereby it
exchanged its methanol assets for common shares of Methanex Corporation and
purchased additional Methanex common shares. In June 1994, NOVA Chemicals acquired its linear low-density and high-density
polyethylene facility at the St. Clair River plant site in Corunna, Ontario, as well as the
proprietary SCLAIRTECH technology and a global SCLAIRTECH technology licensing
business, from DuPont Canada Inc. In September 1996, NOVA Chemicals acquired the styrenics business of ARCO Chemical Company.
In December 1996, NOVA Chemicals announced that it had developed Advanced
SCLAIRTECHTM polyethylene technology. In December 1998, NOVA Chemicals acquired the majority of Huntsman Corporation's
U.S. and European styrenics businesses, excluding Huntsman's North American
expandable polystyrene assets. In January 2000, NOVA Chemicals acquired the European polystyrene and expandable
polystyrene assets, Chilean expandable polystyrene production and molding assets and
associated worldwide sales and marketing operations of The Shell Petroleum Company
Limited. In October 2000, NOVA Chemicals and Union Carbide Canada Inc. (now Dow Chemical
Canada Inc.) commenced commercial operations of a jointly owned, third ethylene
plant (E3) in Joffre, Alberta. In July 2001, NOVA Chemicals' second polyethylene plant (PE2) at Joffre, Alberta,
began commercial production using Advanced SCLAIRTECH technology.
developing our plastics and chemicals business
Timeline: 1979 - 2001
in Joffre, Alberta in 1979.
in tandem with a linear low-density polyethylene facility (PE1).
polyethylene facility near Mooretown, Ontario, from Union Carbide Canada Ltd.
and Union Carbide Corporation.
a company with significant petrochemical operations. Through this purchase,
NOVA Chemicals acquired its Corunna, Ontario olefins facility, its original styrenics
business and a rubber business that was subsequently sold to Bayer AG
in October 1990.
exchanged its methanol assets for common shares of Methanex Corporation and
purchased additional Methanex common shares.
polyethylene facility at the St. Clair River plant site in Corunna, Ontario, as well as the
proprietary SCLAIRTECH technology and a global SCLAIRTECH technology licensing
business, from DuPont Canada Inc.
SCLAIRTECHTM polyethylene technology.
U.S. and European styrenics businesses, excluding Huntsman's North American
expandable polystyrene assets.
polystyrene assets, Chilean expandable polystyrene production and molding assets and
associated worldwide sales and marketing operations of The Shell Petroleum Company
Limited.
Canada Inc.) commenced commercial operations of a jointly owned, third ethylene
plant (E3) in Joffre, Alberta.
began commercial production using Advanced SCLAIRTECH technology.