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Nova Chemicals names Victor Alvarado as senior VP, operations and engineering

June 22/2021

MOSCOW (MRC) -- Calgary-based Nova Chemicals Corp. has named Victor Alvarado as its new senior vice president, operations and engineering, effective July 1, said Canplastics.

In a June 10 news release, Nova said that Alvarado who has over 30 years global manufacturing experience will be responsible for the safe, reliable and competitive operations of the companys manufacturing facilities and its support functions. He will also play a pivotal role in the safe and successful completion of the companys significant growth investments in Sarnia, Ont., while providing strategic leadership to ensure world-class competitiveness of Novas manufacturing assets."

Alvarado, who will be based out of Calgary, will also become a member of Novas senior executive committee. "Victor is a very experienced and well-respected global petrochemicals executive with a proven track record of leading manufacturing organizations to higher levels of reliability and turnaround performance in the U.S., Europe, and Asia," Nova president and CEO Luis Sierra said. His experience and insight will be a tremendous asset to Nova as we continue to position the company as a leading low-carbon player in the olefins and polymers industry."

A graduate of the University of Illinois with a degree in Chemical Engineering, Alvarado has previously worked at BP and its predecessor company, Amoco, in various engineering, operations and commercial roles, culminating as vice president of global aromatics, before being named as operations director, global aromatics at Ineos.

As per MRC, NOVA plans to increase HDPE prices by 7 cents per pound (USD154 per tonne) and 5 cents per pound (USD110 per tonne) for all other grades of polyethylene from June 1, 2021, according to the company's letter to customers. According to the letter, this is in addition to the company's earlier announced price hike of 6 cents per pound (USD132 per tonne) in May.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.
Author:Anna Larionova
Tags:PE, LLDPE, LDPE, HDPE, packaging, Nova Chemicals, Canada.
Category:General News
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