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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.

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