Wit Ventures: $400-million Upgrade for Nova Chemicals Corruna Plant.

Monday, 27 June 2016

$400-million Upgrade for Nova Chemicals Corruna Plant.

(From the Sarnia Observer)

A $400-million upgrade at Nova Chemicals' Corunna plant has received the green light.

The company's board of directors recently gave its final approval for Nova to invest into creating a pipeline connection to a second source of natural gas liquids, originating in the eastern U.S. shale region, and to convert the Corunna site's cracker to use up to 100-per-cent ethane feedstock.
Work is scheduled for 2017 and 2018.

“It's great news for the community, Nova and Nova employees,” said Tom Thompson, regional manufacturing director for the company.

...

The value of the capital work planned for this year hasn't been disclosed by the company.

Nova Chemical's board has also endorsed continued engineering work on a potential new polyethylene plant that could be built in Sarnia-Lambton, and tied to expansion at the Corunna site designed to boost its ethylene output by 50 per cent.

Link to the rest here.

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Shirley D. Neal

Shirley has over 30 years of experience in such diverse businesses as financial planning, manufacturing, and supply. Her education includes a B.A., B.ED., M.ED., C.F.P., N.L.P. and the home inspector’s course as well as having her AZ license for five years. Her family home has given her and her husband the opportunity to do extensive renovation and repairs thereby increasing the value about $100,000 in ten years. She has been able to see firsthand how much a sensible and cost efficient renovations can add to the value of a home. Shirley has chosen joint ventures because she thinks that her experiences an help others achieve their goals and maximize the profits for both parties. In 1979, Shirley became involved in a small group of women who started a metal manufacturing company making small deep drawn metal parts for the automobile companies in Windsor. They took the company from start up to over $400,000 in sales in five years. That was a lot of parts since the parts sold for only five cents per each. In 1985 they sold the company to one of their customers. Whether it was selling mutual funds, teaching foster parents how to recruit foster parents, or working for Tony Robbins, Shirley has put more than 100 percent into every endeavour she was involved in.