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MOSCOW (MRC) -- Nova Chemicals
(Calgary, Alberta, Canada) says its board of directors has named Luis Sierra
president and CEO, effective 1 August, said Chemweek.
He
will succeed Todd Karran, who is retiring. Sierra joins Nova from BP, where he
spent 30 years, most recently as CEO of the aromatic chemicals
business.
Sierra "brings a wealth of knowledge and experience from a
strong and successful career with BP,” says Musabbeh Al Kaabi, chairman of the
board of directors. “The board believes that Todd’s retirement provides the
opportunity to introduce new leadership with the external perspective and
renewed impetus required to drive the next phase of the company’s
development."
As MRC reported earlier,
in January 2017, NOVA Chemicals announced the start up of its new world-scale
linear low density polyethylene (LLDPE) gas phase reactor at its Joffre, Alberta
site.
Besides, NOVA Chemicals expanded ethylene
production capacity by 20% at its cracker in Corunna, Ontario from the previous
capacity of about 839,000 tpy. The expansion occurred between 2014 and 2018 and
was part of a wave of expansions and upgrades to NOVA's existing facilities near
Sarnia, Ontario. Other upgrades in the plan included a debottlenecking of the
Moore low-density polyethylene (LDPE) line and a retrofit of the Moore
high-density polyethylene (HDPE) line.
According to MRC's ScanPlast report,
Russia's estimated PE consumption totalled 721,290 tonnes in the first four
month of 2020, up by 4% year on year. Low density polyethylene (LDPE) and linear
low density polyethylene (LLDPE) shipments grew partially because of the
increased capacity utilisation at ZapSibNeftekhim.
NOVA Chemicals
Corporation is a plastics and chemical company headquartered in Calgary,
Alberta, Canada, and is wholly-owned ultimately by Mubadala Investment Company
of the Emirate of Abu Dhabi, United Arab Emirates. |
