NOVA Chemicals

Joint ventures indicate Energy Transfer is expanding operations at Nederland site

Two new joint ventures indicate the possibility of new projects at Energy Transfer’s (formerly known as Sunoco) site in Nederland.
Thursday, March 22, Energy Transfer Partners, L.P. (ETP) announced that it has entered into definitive agreements with Satellite Petrochemical USA Corp. to form the joint venture Orbit Gulf Coast NGL Exports, LLC.

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.

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