Nova Chemicals Corp - Company Profile
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Nova Chemicals Corp (Nova) is a chemical company that develops and manufactures chemicals and plastic resins. It’s major products include ethylene and polyethylene, chemical co-products and expandable styrene polymers. The company serves various applications such as food packaging, protective packaging, industrial injection molding, heavy-duty sacks, stretch film, hygiene films, rotational molding, pail and crate, drums and intermediate bulk containers, caps and closures, small part blow molding, and construction, among others. Nova has its manufacturing facilities and technology centers in Canada and the US, and commercial operations in Canada, the US, Switzerland, and China. Nova is headquartered in Calgary, Alberta, Canada.
Headquarters
Canada
Address
Suite 2100, 250-5th Street SW, Calgary, Alberta, T2P0R4
Website
www.novachem.com
Telephone
1 403 7503600
Industry
Chemicals
Revenue (2022)
$4.5B
Nova Chemicals Corp premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Ethylene and Polyethylene | Sclairtech |
| Chemical Co-Products | Surpass |
| Olefins | Novapol |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In March, the company entered into Virtual Power Purchase Agreement (“VPPA”) with Shell Energy North America (Canada), Inc. to purchase 20 MW of renewable power and emissions offsets from BluEarth Hand Hills Wind Project. |
| 2021 | Acquisitions/Mergers/Takeovers | In July, Enterprise Products Partners L.P. and NOVA Chemicals Corporation announced that a subsidiary of Enterprise has acquired a wholly owned subsidiary of NOVA Chemicals, which operates an ethylene storage business and trading hub in Mont Belvieu, Texas. |
| 2020 | Contracts/Agreements | In December, the company entered into an agreement with Revolution to sell recycled low-linear low-density polyethylene (r(L)LDPE) produced by Revolution. |
Competitor Comparison
| Key Parameters | Nova Chemicals Corp | Westlake Corp | Chevron Phillips Chemical Co LLC | Eastman Chemical Co | Huntsman Corp |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | United States of America | United States of America |
| City | Calgary | Houston | The Woodlands | Kingsport | The Woodlands |
| State/Province | Alberta | Texas | Texas | Tennessee | Texas |
| No. of Employees | - | 15,920 | 5,000 | 14,500 | 7,000 |
| Entity Type | Private | Public | Private | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ahmed Yahia Al Idrissi | Chairman | Executive Board | 2021 | - |
| Roger Kearns | President; Chief Executive Officer | Senior Management | 2023 | - |
| Eric Brenner | Chief Financial Officer - Acting | Senior Management | 2022 | - |
| Byron C. Romain | Secretary; Senior Vice President; General Counsel | Senior Management | - | - |
| Victor Alvarado | Senior Vice President - Operations and Engineering | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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