Nova is an old hand at big deals in Alberta
Nova, an Alberta Corporation, formerly Alberta Gas Trunk Line Co. Ltd., and Shell Canada Resources Ltd. will build a 600 million lb/yr styrene plant near Edmonton, Alberta. For feedstock, 5000 bbl/day of benzene will come from a $350 million, 100,000 bbl/day refinery that will be built by Shell at Edmonton. Husky Oil Ltd., which is controlled by Nova, will take a 40% equity in the refinery. According to Nova, which has a monopoly on gas transmission in Alberta, continued collaboration with Shell could lead to the spending of an additional $2 billion in the next few years. Dow Chemical of Canada Ltd. and Nova will put together an ethane extraction system in Alberta which will feed their jointly owned 1.2 billion lb/yr ethylene plant near Red Deer, Alberta. Dow uses the entire output of the ethylene plant at its recently completed Fort Saskatchewan, Alberta, complex. Alberta Gas Ethylene Co. Ltd., a Nova subsidiary, has begun work on a second 1.2 billion lb/yr ethylene unit scheduled for completion in early 1984, and will soon start work on a third ethylene unit at Red Deer. According to J. Sutherland (Nova, Alberta Corp.), Nova is rapidly expanding its ethylene capacity because, for at least a certain period of time, world-scale plants using Alberta natural gas will be very competitive.
- Research Organization:
- Nova, Alberta Corp.
- OSTI ID:
- 6436508
- Journal Information:
- Chem. Week; (United States), Journal Name: Chem. Week; (United States) Vol. 127:11; ISSN CHWKA
- Country of Publication:
- United States
- Language:
- English
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020400* -- Petroleum-- Processing
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
ALBERTA
ALKENES
ALKYLATED AROMATICS
AROMATICS
BUILDERS
CANADA
CONSTRUCTION
ETHYLENE
HYDROCARBONS
INDUSTRIAL PLANTS
NORTH AMERICA
ORGANIC COMPOUNDS
OWNERSHIP
PERSONNEL
PRODUCTION
STYRENE