October 24, 2016 7:31 PM ET


Company Overview of NOVA Chemicals Corporation

Company Overview

NOVA Chemicals Corporation produces and sells plastics and chemicals in the United States, Canada, Europe, and other countries. It offers polyethylene and styrenic polymer resins for a range of applications, such as rigid and flexible packaging, containers, plastic bags, plastic pipes, consumer electronics, building and construction materials, housewares, and other industrial and consumer goods; and ethylene to manufacture various polymers and other chemical products. The company also provides chemical co-products, including propylene, benzene, and butadiene, which are used to make items, such as tires, carpet and clothing fibers, and household goods; and energy co-products comprising gasoli...

1000 Seventh Avenue, S.W.

PO Box 2518

Calgary, AB T2P 5C6


2,600 Employees





Key Executives for NOVA Chemicals Corporation

Chief Executive Officer, President and Director
Age: 51
Chief Financial Officer and Senior Vice President
Age: 53
Senior Vice President of Operations
Age: 44
Senior Vice President of Polyethylene Business
Age: 50
Senior Vice President of Olefins and Feedstock
Compensation as of Fiscal Year 2016.

NOVA Chemicals Corporation Key Developments

NOVA Chemicals Opens New Center for Performance Applications in Calgary

NOVA Chemicals Corporation has announced that its polyethylene, or PE, business has opened the new center for performance applications in Calgary. This facility expands upon the former NOVA Chemicals Technical Centre (NCTC) and is dedicated to PE resin testing and applications development. With a recently completed new wing, much of it dedicated to customer collaboration, the Centre for Performance Applications serves as a hub for NOVA Chemicals' experts to support customers in developing higher-value products and applications. The expanded Centre offers R&D capabilities for a number of markets, including food packaging, caps and closures and heavy duty sacks. A range of new equipment and upgrades has been installed at the Centre, allowing its applications development experts to perform critical work and even reimagine how PE resins are used. Investments to enhance its flexible films applications development capabilities include an extensive suite of conversion equipment, physical and analytical test lab equipment, and more. Conversion capabilities help meet a range of customer trial requirements, from collation shrink to adhesive lamination and vertical form fill seal.

NOVA Chemicals Corporation Announces the Appointment of Arnel Santos as Senior Vice President, Operations, Effective April 18, 2016

NOVA Chemicals Corporation announced that Arnel Santos will join NOVA Chemicals as Senior Vice President, Operations, effective April 18, 2016. He will be located at NOVA Chemicals' Calgary, Alberta, Head Office. Santos previously served as Regional Vice President, Manufacturing for Shell Eastern Petroleum Limited in South Eastern Asia and brings his extensive background in operational excellence, capital investment, health and safety, as well as business leadership. Santos will be a part of NOVA Chemicals' senior management team and will succeed Bill Greene, who earlier this year, announced his retirement effective the end of May 2016.

NOVA Chemicals Plans to Start Up its New Linear Low Density Polyethylene Plant in the Fourth Quarter

NOVA Chemicals plans to start up its new linear low density polyethylene plant in the fourth quarter. The new plant will have a capacity of 454,000 tonnes per year. The plant is now about 75% completed. NOVA's plant will continue a wave of new PE capacity that is starting up in North America. The first new plant in this wave is scheduled to open later this month in Mexico, with the start-up of the Ethylene XXI project by Braskem Idesa, a 75:25 joint venture made up of Brazil's Braskem and Mexico's Grupo Idesa. It includes a 1.05 million tonne per year ethane cracker, a 750,000 tonnes/year of high density polyethylene (HDPE) unit and a 300,000/year of low density PE (LDPE) unit. In 2018, another 2 million tonnes per year of ethylene capacity should come online.

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