NOVA Chemicals Plans to Temporarily Idle Styrene Plant
Due to U.S. Gulf Coast Ethylene Shortage
Wednesday May 3, 7:30 am ET
PITTSBURGH--(BUSINESS WIRE)--May 3, 2006--NOVA Chemicals Corporation today announced plans to temporarily idle its Bayport, Texas, styrene monomer plant as a result of the ethylene force majeure declared by Huntsman Corporation and limited ethylene availability on the U.S. Gulf Coast. Through its Sarnia, Ontario styrene monomer production and other supply arrangements, the company expects to be able to meet its market obligations for both styrene monomer and styrenic polymers.
The financial impact of the outage is expected to be limited to relatively minor shutdown and startup costs.
NOVA Chemicals produces plastics and chemicals that are essential to everyday life. Our employees develop and manufacture materials for customers worldwide that produce consumer, industrial and packaging products. NOVA Chemicals works with a commitment to Responsible Care® to ensure effective health, safety, security and environmental stewardship. Company shares are traded on the Toronto and New York stock exchanges as NCX.
Source: NOVA Chemicals Corporation
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