Mubadala

Nova Chemicals Corporation (Nova Chemicals)

Nova Chemicals Corporation (Nova Chemicals)

A leading innovative petrochemical company enabling customers to deliver high-quality plastic for a healthier life.

Nova Chemicals Corporation (Nova Chemicals)

NOVA Chemicals Corporation is a leading petrochemical company with over 76 years of experience. Headquartered in Calgary, Alberta, the company is consistently investing in innovation to deliver premium ethylene and polyethylene, chemical co-products and expandable styrenic polymers.

 

With more than 14 operational facilities and centres, the company develops value-added products and technology for customers that produce consumer, industrial and packaging products worldwide.

Wholly owned by Mubadala, NOVA Chemicals’ quality polyethylene (PE) resins provide high-performance, sustainable, cost-effective solutions that can help to extend food freshness, reduce packaging gauge, improve organoleptic properties, enhance barrier properties and provide product protection. They are a resilient alternative to traditional materials for numerous applications, including food packaging, heavy-duty sacks, hygiene films, caps and closures, industrial injection moulding, small part blow moulding and many more.

The company is a leader in expandable polystyrene (EPS) technology and applications development. EPS has moved beyond foam packaging and insulation to become a significant source of foam construction products for many applications as well as the traditional foam beverage cup. The primary markets include Building & Construction, Geofoam, Packaging and Cup & Container. NOVA Chemicals produces high quality and high-performing resins under three brand families: SURPASS®, SCLAIR®, and NOVAPOL® resins.

Nova Chemicals is building a new polyethylene facility in the Sarnia-Lambton region and expending its current Corunna site in the Southwestern Ontario area. The expansion of the Corunna site by approximately 50 per cent will provide ethylene feedstock to the new facility, which is designed to increase Nova's polyethylene production capacity by about 450 kilotonnes per year. In addition, NOVA Chemicals and Borealis has formed a joint venture (JV) with Total Petrochemicals and Refining USA. Key aspects of the JV includes building a new 2.2 billion lb ethylene cracker in Port Arthur, Texas, building a new 1.35 billion lb Borstar PE plant in Bayport, Texas and Total’s existing Bayport PE facility, total capacity 880 million lb.

Other Petroleum & Petrochemicals Assets

  • Arab Petroleum Pipelines Company (SUMED)

    Arab Petroleum Pipelines Company (SUMED)

    Arab Petroleum Pipelines Company (SUMED), established in 1974, is an Egyptian oil and gas service provider that owns and operates pipelines and associated storage facilities connecting the Red Sea and the Mediterranean. Almost 80% of the oil shipped from the Arabian Gulf to Europe passes through the SUMED pipelines.

    The company has its headquarters in Alexandria and is an Egyptian joint stock company of $400 million capital. 50% of the company is held by Egyptian General Petroleum Corporation (EGPC), while Mubadala, Saudi Aramco, and Kuwait Investment Authority all hold a 15% stake. The remaining 5% is owned by Qatar Petroleum.

    Read more about Arab Petroleum Pipelines Company (SUMED)
  • Borealis

    Borealis is one of the world’s largest producers and providers of innovative solutions in the fields of polyolefins, base chemicals and fertilizers.

    Read more about Borealis
  • Compañia Española de Petróleos (CEPSA)

    Compañia Española de Petróleos (CEPSA)

    Cepsa is one of the leading integrated energy companies in Spain with business in over 20 countries across four continents.

    Read more about Compañia Española de Petróleos
  • Cosmo Energy Holding

    Cosmo Energy Holding

    Cosmo Energy Holdings is one of the largest, fully integrated oil refining and marketing companies in Japan with operations in the upstream, midstream and downstream sectors.

    Read more about Cosmo Energy Holding
  • Dolphin Energy

    Dolphin Energy Logo

    Dolphin Energy is a joint venture between Mubadala, Total and Occidental Petroleum and is headquartered in the Middle East. This multinational gas development and transportation initiative is among the largest energy investments ever undertaken in the Middle East.

    Dolphin Energy Limited delivers 2 billion standard cubic feet of natural gas every single day (scf/day) and has produced 8.5 trillion standard cubic feet since operations began in 2007 (as of July 2019)

    Read more about Dolphin Energy
  • Enagás

    Enagás is Spain’s leading natural gas transmission company and a global leader in operating LNG regasification terminals. Enagás is a business with close to 50 years of experience and went public in 2002 with an IPO listed on the Madrid stock exchange.

  • Gulf Energy Maritime (GEM)

    Gulf Energy Maritime (GEM)

    Gulf Energy Maritime (GEM) is one of the leading commercial product and chemical tanker companies in the Middle East, providing high standards of safety and quality in its marine transportation and operations in the energy markets across the world.

    Read more about Gulf Energy Maritime (GEM)
  • Mubadala Petroleum

    Mubadala Petroleum

    A leading international, upstream oil and gas company with a world-class exploration and production business.

    Read more about Mubadala Petroleum
  • Oil Search Limited

    Oil Search was established in Papua New Guinea (PNG) and operates all of the country’s producing oil fields. The company also holds a 29% interest in the producing PNG LNG project and is pursuing major LNG growth opportunities in partnership with ExxonMobil and Total. The company holds resources in Alaska with initial estimates in excess of 500 mmbbl with further potential upsides.

    Read more about Oil Search Limited
  • OMV

    OMV

    Integrated international oil and gas business and Austria’s largest listed industrial company, committed to sustainability in its corporate strategy.

    Read more about OMV
  • PAK-ARAB Refinery (PARCO)

    PAK-ARAB Refinery (PARCO)

    The largest fully integrated energy company in Pakistan focused on refining, transportation, storage and marketing.

    Read more about PAK-ARAB Refinery (PARCO)