Borealis

Total, Borealis and NOVA Chemicals form joint venture in petrochemicals

Total, Borealis and NOVA Chemicals Corporation announced that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the U.S. Gulf Coast. The announcement was made Monday, Feb. 19.

The joint venture – in which Total will own 50 percent and Novealis Holdings LLC, a joint venture (JV) between Borealis and NOVA Chemicals, will own the remaining 50 percent – will commence subject to customary closing conditions, including receipt of regulatory approvals, according to a release by the companies.

Total, Borealis and NOVA Chemicals sign definitive agreements to form a joint venture in petrochemicals

Borealis AG ("Borealis") and NOVA Chemicals Corporation ("NOVA Chemicals") announced Monday, Feb. 19 that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the U.S. Gulf Coast.

The joint venture – in which Total will own 50% and Novealis Holdings LLC, a joint venture between Borealis and NOVA Chemicals, will own the remaining 50% – will commence subject to customary closing conditions, including receipt of regulatory approvals.

The joint venture will include: