Web Date: March 27, 2017
Total, Nova, and Borealis to form cracker joint venture
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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