Wit Ventures: Nova Announces $2.2-billion Investment in Sarnia-Lambton.

Saturday, 9 December 2017

Nova Announces $2.2-billion Investment in Sarnia-Lambton.

From Melanie Irwin, Blackburn News.

After years of preliminary work, NOVA Chemicals has announced it will build its new $2.2-billion polyethylene plant in St. Clair Township.

It’s the first world scale plant construction in Chemical Valley since Petrosar, now NOVA Corunna, in the 1970’s.

The plant will be built on land next to the Calgary-based company’s Corunna facility at Rokeby Line and Hwy. 40 and will be NOVA’s second Advanced SCLAIRTECH technology facility.

“We’re proud of this technology,” said Naushad Jamani, NOVA’s Senior VP of Olefins and Feedstocks. “I might say that the technology was essentially developed right here in Sarnia. We have a plant running in Joffre today that has been sold out for many years. Our consumers are actually demanding more of those products, so this is a great, great, fit for NOVA as well as the marketplace.”

He says preliminary work is already underway with start-up of the plant targeted for late 2021.

Link to the rest here.

Nova’s Press Release.

Additional coverage.

Sarnia Observer.

Lambton Shield.

Toronto Star.

Images. Google Maps, Streetview.

Thank you for reading.

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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.