Nova Chemicals Corp - Company Profile

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Nova Chemicals Corp: Segment Analysis

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Business Description

Nova Chemicals Corp (Nova) is involved in the production and distribution of chemicals and plastic products. The company primarily focuses on the manufacturing of ethylene, polyethylene, and various chemical co-products. It serves industries such as packaging, automotive, and construction, providing materials for applications such as food packaging, industrial products, and consumer goods. The company produces and sells resins under three brand families: Surpass, Sclair and Novapol.

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R&D Overview

Nova is involved in R&D initiatives focused on developing new polyethylene resins, innovations, and enhancements. The company aims to create high-performance polyethylene resins and improve ethylene and polyethylene operations through process and catalyst technology. The R&D efforts leverage modeling, labs, robotics, technical scale reactors, and more, focusing on product development, catalyst innovation, and process optimization. The R&D unit of the company is the Centre for Applied Research, located in Calgary, Alberta. This unit is responsible for the development and commercialization of high-performance polyethylene resins, as well as advancing process and catalyst technology to enhance the company's operations.

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