Nova Chemicals

Polyolefin producer launches PE film recycling in the US

US group to review closure of cracker in Germany and other activities in Europe

North America February: Unrest on US polymer market due to Trump's threat of import tariffs / Prices vary but predominantly stable

Adnoc and OMV create USD 60 bn chemical giant / Borealis and Borouge to be combined / Nova Chemicals acquisition confirmed

Plans to include Canadian PE producer in Borealis-Borouge merger deal

Styrene production at Canadian unit faces closure / Complaints about damage to health

North America May 2024: Rollover for most grades / Feedstock prices mixed / Converters still holding back on ordering / No price surges expected in June, but risk of hurricanes exists

Fourth PE line at Canadian site / Mechanical recycling makes headway

Onset of winter cripples plants in Texas, Louisiana / Exports to Europe only affected to a small extent

North America December 2023: Weak 2023 ends with price reductions, rollovers / Economic slowdown continues to affect demand / Falling feedstock quotations put polymers under pressure at start of 2024

Packaging maker to buy rPE from Nova Chemicals / Resin to come from US site

North America October 2023: Rollovers predominate, only PP and PS move up / Surplus in nearly all segments / End of strike in auto industry unlikely to affect prices / Reductions expected in November / Further uncertainty due to Middle East conflict

North America September 2023: Mixed picture for standards / Forces majeures remain for PE, PP / Car industry strike hurts ordering / Price cuts likely in October

Borealis, TotalEnergies JV starts major US HDPE plant / Facility marks final step of integrated petchem project

Joint plastics waste recycling platform with Technip / Pairing of Hoop process with purification knowhow

North America August 2023: Prices vary / Firmer styrene costs prop up PS / Hurricane Idalia has no effect on prices so far / Extent of damage to polymer production not yet clear / September likely to be generally weaker

Study to build 66,000 t/y pyrolysis-driven recycling facility in Canada / Partnership with Plastic Energy

North America June 2023: Weak market fundamentals and falling feedstock prices depress polymer markets / Producers cut back capacities

North America May 2023: Low prices in all segments except PS / Surplus with most types / Recovery in construction and automotive without an effect on prices / Weak start to the summer season

Fully recyclable BOPE film with Surpass resin / Industry partnerships bring film to market

Launch of Nova Circular Solutions business line / Focus on post-consumer rPE

North America January 2023: Prices largely unchanged or lower / Engineering materials slump / Tornado has little impact on prices / Rebound unlikely in February

North America December 2022: Widespread reductions / Good availability coincides with disinclination to buy / The many short-term production outages due to winter storms have little effect on prices / Weak start to the year

Canadian industry launches Save Plastic campaign / Aims to raise awareness, change perception of plastics

Launch of 100% PCR rPE for packaging