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NOVA Chemicals announces three agreements which support the revamp of Corunna cracker

September 07/2011

(Plastemart) -- NOVA Chemicals has entered into three core agreements which support the revamp of its Corunna cracker to utilize up to 100% NGL feedstock. The first one is a transportation service agreement with Sunoco Pipeline L.P. for the transportation of ethane feedstock from the Marcellus Shale Basin to the Sarnia, Ontario region. The second one being a definitive agreement for long-term ethane supply from the Marcellus Shale Basin with Caiman Energy, LLC and the third one is a definitive agreement for long-term ethane supply from the Marcellus Shale Basin with a wholly-owned subsidiary of Range Resources Corporation.


The company continues to work with other producers in the Marcellus region, including Statoil Marketing and Trading Inc., to secure additional ethane feedstock for its Corunna cracker.


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