Borealis acquires full ownership of NOVA Chemicals’ interest in Novealis Joint Venture

Borealis acquires full ownership of NOVA Chemicals’ interest in Novealis Joint Venture

Vue aerienne de l usine Total de Polypropylene. Bayport. Texas USA. 17 Decembre 2007
262,295

Borealis AG (“Borealis”) and NOVA Chemicals Corporation (“NOVA Chemicals”) today announced that Borealis has completed the acquisition of NOVA Chemicals’ 50% ownership interest in Novealis Holdings LLC (“Novealis”).

Related Posts
EXB, Executive Board, 2019, Alfred Stern, CEO Borealis, Chief Executive Officer,

Formed in 2018, Novealis is the joint venture between affiliates of Borealis and NOVA Chemicals, which subsequently formed a 50/50 joint venture with an affiliate of Total S.A. to launch Bayport Polymers LLC (“Baystar”) in Houston, Texas, US.

Related Posts
Vue aerienne de l usine Total de Polypropylene. Bayport. Texas USA. 17 Decembre 2007

“This acquisition supports our global growth ambitions,” commented Alfred Stern, Borealis CEO. “Acquiring NOVA Chemicals’ share in Novealis will allow us to further increase our footprint in North America, enabling us to better serve our customers in this region with our value-add Borstar technology and its related products.

www.borealisgroup.com