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(Nova Chemicals) -- NOVA Chemicals
Corporation signed a memorandum of understanding with a wholly-owned
subsidiary of Range Resources Corporation for a long-term supply of ethane from
the Marcellus Shale Basin.
In addition to finalizing a definitive purchase and sale agreement with
Range Resources, and customary reviews and approvals, the arrangement is subject
to NOVA Chemicals finalizing a pipeline transportation agreement to transport
ethane from the Marcellus Shale Basin into the Sarnia, Ontario petrochemical
market.
NOVA Chemicals develops and manufactures chemicals, plastic resins and
end-products. NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is a
wholly owned subsidiary of The International Petroleum Investment Company (IPIC)
of the Emirate of Abu Dhabi.
mrcplast.com
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