NOVA Chemicals has approved two significant projects for its Ontario operations involving a capital investment of approximately $2 billion.
A second Advanced SCLAIRTECH technology facility (AST2) will be located at the new Rokeby Site, adjacent to the company’s Corunna Site. With a capacity of approximately one billion pounds of polyethylene per year, the facility will allow it to continue to grow the company’s polyethylene business in high performance applications and will provide greater supply reliability for customers. Site preparation is underway with start-up targeted for late 2021.
The Corunna Cracker Expansion (Phase 3) project is linked to the new polyethylene facility as it will provide ethylene feedstock. The expansion will increase the existing unit’s current ethylene capacity by more than 50 percent, up to the rate currently approved by regulators. Expected completion is targeted for late 2021.
With these projects, the company is not only expanding its Sarnia-Lambton asset base and improving competitiveness, but is also bringing new technology to Ontario, growing manufacturing exports and strengthening the area’s long-term economic viability.
The company estimates these projects will create approximately 150 permanent full-time jobs between NOVA Chemicals direct hires and contractors.
Applying the Chemistry Industry Association of Canada’s commonly used multiplier effect for investments in the manufacturing sector of five indirect jobs from every direct job, it estimates the projects may also create approximately 750 additional new jobs in the local community.
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