NOVA Chemicals and Borealis enter Preliminary Agreement with Total to meet growing global demand for polyethylene

NOVA Chemicals Corporation (“NOVA Chemicals”) and Borealis AG (“Borealis”) signed a preliminary agreement to form a joint venture (JV) with Total Petrochemicals and Refining USA, Inc. (“Total”) that will develop and own a new light feed cracker and a new Borstar® polyethylene (PE) facility in Bayport, Texas.

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