Nova Chemicals

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

Tricon Energy to serve as European distributor

Trade and market disruptions worsen / Increase in PE, PP capacities / Ongoing investment in chemical recycling and decarbonisation projects

North America August 2022: Polymer prices plummet / Trend turnaround for PS, PA 6 / Falling feedstock costs, weak market base to push prices lower

North America July 2022: Most prices decline, but styrene-based thermoplastics see major hikes / Weak demand, full inventories / Benzene market calmer / Price reductions on the cards for August

LLDPE: Nova Chemicals declares force majeure for Canadian plant / Move unlikely to affect Europe

Adnoc to take Mubadala's 25% stake in Austrian polymer producer / Move linked to possible Borouge IPO

Chemical recycling pilot plant to be built in Canada

1.9% stake bought by UAE's Mubadala / Restructuring after merger with TAIF

EUR 1.75 bn investment in PCR / Projects with CNG and GreenMantra

Countdown to carbon neutrality underway / Net-zero emissions targeted by 2050 / Advanced recycling to pave way for circular plastics