Nova Chemicals is likely to make a final investment decision on a new polyethylene plant for St. Clair Township only after mid-2017, as per www.sunmedia.ca. The new plant, a possible US$1 billion investment in Chemical Valley, was first proposed by Nova in 2011.
Currently, the company is moving forward with its study of the expansion of the Corunna plant by approximately 50%, to boost production from 5 mln lbs of ethylene a day to 8 mln lbs. Nova is working with a partner on the pipeline project that will also required some internal retrofitting work at the Corunna cracker. The project is expected to cost slightly more than US$350 million.