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NOVA Chemicals signed agreement with a subsidiary of Williams for ethylene supply

March 28/2011

(BUSINESS WIRE) -- NOVA Chemicals Corporation signed a long-term agreement with a subsidiary of Williams for a feedstock supply of an ethane/ethylene mix to be extracted from off-gas produced at oil sands upgrading facilities located at Fort McMurray and Redwater, Alberta.

Under the terms of the agreement, Williams will produce, for NOVA Chemicals, up to 17.000 barrels per day (bpd) of an ethane/ethylene mix which will be transported via the Joffre Feedstock Pipeline to NOVA Chemicals Joffre, Alberta petrochemical facilities. This feedstock source will enhance and diversify NOVA Chemicals feedstock supplies beyond traditional sources derived from Alberta-based natural gas exports.

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, United Arab Emirates.

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