About Us
Corporate Profile
COMPANY HISTORY
developing our plastics and chemicals business
In 1994, NOVA Corporation of Alberta filed articles of arrangement under the Business Corporations Act of Alberta to become a wholly owned subsidiary of NOVA Corporation, changed its name to NOVA Gas Transmission Ltd. and its common shareholders became the common shareholders of NOVA Corporation. At the same time, NOVA Corporation also became the parent corporation of NOVA Chemicals Ltd. and NOVA Gas International Ltd.
developing our plastics and chemicals business
Historical Development
NOVA Chemicals' predecessor, NOVA Corporation of Alberta, was incorporated in 1954. In 1994, NOVA Corporation of Alberta filed articles of arrangement under the Business Corporations Act of Alberta to become a wholly owned subsidiary of NOVA Corporation, changed its name to NOVA Gas Transmission Ltd. and its common shareholders became the common shareholders of NOVA Corporation. At the same time, NOVA Corporation also became the parent corporation of NOVA Chemicals Ltd. and NOVA Gas International Ltd.
On July 2, 1998, NOVA Corporation and TransCanada PipeLines Limited completed a merger of equals. Upon completion of the merger, the only material asset of NOVA Corporation was all of the common shares of NOVA Chemicals Ltd. NOVA Corporation continued to conduct the commodity plastics and chemicals businesses through NOVA Chemicals Ltd., and TransCanada began to conduct the energy services businesses formerly carried on by NOVA Corporation, through the former subsidiaries, NOVA Gas Transmission Ltd. and NOVA Gas International Ltd.
