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:

Jon Huntsman dies at age 80

Billionaire businessman and philanthropist Jon Meade Huntsman Sr., 80, died Friday, Feb. 2, at his home in Salt Lake City, Utah.

His family released a statement saying he “passed away peacefully” around 2 p.m., “surrounded by a loving family, following long-term health challenges.”

Huntsman had previously beaten prostate cancer, mouth cancer and two types of skin cancer in his lifetime.

City of Beaumont to invest $6 million in sewer collection system

On May 2, 2017, the Beaumont City Council authorized the issuance of $21 million in Water Revenue Bonds in order to make repairs to the City’s water and sewer infrastructure. Of that amount, $2 million was allocated to a citywide assessment of the sewer collection system and $4 million was allocated to pipe bursting defective sewer lines.

Economist Ray Perryman, panel of county judges share predictions for area’s future at SETEDF event

The Southeast Texas Economic Development Foundation’s 2018 Economic Forecast Breakfast featured keynote speaker and renowned economist Dr. Ray Perryman of the Perryman Group, and an impressive panel of Jefferson County Judge Jeff Branick, Orange County Judge Brint Carlton and Hardin County Judge Wayne McDaniel.

Wednesday, Jan. 17, at the Event Centre in Beaumont, Perryman presented a forecast for 2018, broken down by national, state and local economies, while the panel of judges shared their perspective on the future of their counties’ economies as well.

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