Total, Borealis And Nova Chemicals Form Joint Venture On U.S. Gulf Coast

By Chemical Processing Staff

Feb 23, 2018

Total S.A., Borealis AG and Nova Chemicals Corporation announce that affiliates of the three companies 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 (2.2 b lb) ethane steam cracker in Port Arthur, Texas.
  • Total's existing polyethylene 400 kt/y (880 m lb) facility in Bayport, Texas.
  • a new 625 kt/y (1.35 b lb) Borstar ® polyethylene unit at Total's Bayport, Texas, site, following a decision on the outcome of an acceptable EPC contract.

The new $1.7 billion ethane steam cracker is being built alongside Total's Port Arthur refinery and Total/BASF existing steam cracker. The project, which is scheduled to start up in 2020, will reportedly create around 1,500 jobs during peak engineering and construction activity. 

For more information, visit: www.total.com

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