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Web Date: March 27, 2017

Total, Nova, and Borealis to form cracker joint venture

Partners plan to spend $1.7 billion on a project in Port Arthur, Texas
Department: Business
Keywords: petrochemicals, Texas, ethylene, polyethylene

In yet another petrochemical venture meant to take advantage of cheap U.S. shale gas, French oil giant Total is joining with Canada’s Nova Chemicals and Austria’s Borealis to build a $1.7 billion ethylene cracker plus a polyethylene plant, both in Texas.

The cracker will have 1 million metric tons per year of capacity. It will be located in Port Arthur, adjacent to a Total refinery and an ethylene cracker joint venture that Total and BASF . . .

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