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NOVA Chemical to restart its Geismar cracker later this week

October 14/2020

MOSCOW (MRC) -- NOVA Chemical is expected to restart its cracker in Geismar, Louisiana, later in the week of October 12, reported S&P Global.

The 928,000 mt/year cracker in Geismar was shut in mid-September for unplanned repairs unrelated to storms in the USA. The company postponed the restart until after Delta passed, the storm impacts were minimal.

As MRC informed earlier, NOVA Chemicals has resumed construction activities in a phased approach at its Corunna site. The company said on April 16 it will gradually increase the number of workers involved in construction of the new polyethylene (PE) plant and the cracker expansion project. NOVA announced in late March that it was sending home the majority of the construction workers at the Corunna site to reduce the risk of exposure to COVID-19.

Ethylene and propylene are feedstocks for producing PE and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,496,500 tonnes in the first eight months of 2020, up by 5% year on year. Shipments of all ethylene polymers increased, except for linear low desnity polyethylene (LLDPE). At the same time, PP shipments to the Russian market reached 767,2900 tonnes in the eight months of 2020 (calculated using the formula - production minus exports plus imports - and not counting producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.

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.
Author:Margaret Volkova
Tags:PP, PE, LLDPE, PP random copolymer, propylene, ethylene, Nova Chemicals, Canada, Russia, USA.
Category:General News
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