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NOVA Chemicals agrees for ethane supply from Williston Basin

February 25/2011

(Nova Chemicals) -- NOVA Chemicals announced the execution of definitive agreements with Hess Corporation (Hess) and Vantage Pipeline Canada Inc./Vantage Pipeline US LP (Vantage) to purchase and transport ethane production from Hess Tioga Gas Plant in North Dakota via a proposed pipeline to Alberta, Canada. NOVA Chemicals has the right to purchase 100 percent of the ethane produced at the Tioga Gas Plant under a long-term arrangement.

This arrangement represents one of several NOVA Chemicals initiatives to complement its traditional ethane supply sources in Alberta.

The proposed pipeline will be constructed, owned and operated by Vantage and is expected to start-up in the fourth quarter of 2012, subject to receipt of customary regulatory and other approvals. The proposed pipeline design will allow for the transport of up to 60,000 barrels per day of ethane and will be capable of further capacity additions if required in the future.

NOVA Chemicals develops and manufactures chemicals, plastic resins and end-products.

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