NOVA Chemicals Corporation held a ground-breaking celebration on June 7, 2013 to celebrate a growth milestone at its Joffre, Alberta complex. This event marked the official start of construction of the Polyethylene 1 ("PE1") Expansion Project - a key component of the NOVA 2020 growth strategy of adding value to emerging cost-competitive feedstocks and growing North American demand. The PE1 Expansion Project at the Joffre, Alberta Site will include a world-scale polyethylene reactor (R3) and associated infrastructure. The project is designed to produce between 950 and 1,100 million lbs per year of linear-low density polyethylene (“LLDPE”), enabling the company to increase polyethylene production at the site by approximately 40% to meet growing customer needs. The project is expected to be commissioned in the fall of 2015 and is expected to cost approximately US$1 billion including capital and startup costs.
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