NOVA Chemicals Corporation is a Canadian petrochemical manufacturer focused on the ethylene-to-polyethylene value chain. The company produces ethylene and a broad range of polyethylene resins used in films, flexible and rigid packaging, and industrial applications. It is a wholly owned subsidiary of Mubadala Investment Company of Abu Dhabi.
Headquartered in Calgary, Alberta, NOVA Chemicals operates major manufacturing assets in Alberta (Joffre) and Ontario (Corunna/Sarnia-Lambton), including ethylene crackers integrated with polyethylene production. The company utilizes proprietary polyethylene technologies, including SCLAIR and Advanced SCLAIRtech processes, to supply LLDPE and HDPE grades. U.S. operations are based near Pittsburgh, Pennsylvania, and include research and application development facilities.
NOVA Chemicals also produces co-products from ethylene manufacturing and supports customers with technical services and application development. The company is active in plastics circularity initiatives through NOVA Circular Solutions, including recycled polyethylene offerings (e.g., SYNDIGO) and collaborations aimed at advancing mechanical and advanced recycling.
Also known as NOVA Chemicals Corp..
Strong cash flow and low leverage; all segments profitable. Chemicals lifted by Borouge International closing and higher olefin/polyolefin prices.
Operating EPS $1.44 and GAAP EPS $0.99; cash from operations $1.3B; self‑help benefits raised by ~$200M to >$1.3B; polyethylene-led price gains offset by lower volumes and maintenance.
Acquired an additional 7.6% in Trains 4–5, giving equity across all five construction trains; Trains 4–5 add ~12 MTPA and the project targets production in 1H 2027.
ISCC PLUS‑certified, mass‑balanced acetone from non‑food waste biomass offers up to 175% cradle‑to‑gate carbon reduction while matching conventional acetone performance.
EcoVadis score rose to 84/100 (from 80); improvements in environment, labour & human rights and ethics; sustainable procurement maintained; max score for policy implementation.
Q1: Net sales $9.8B (-6%); volumes -2%; local price -7%. GAAP loss $445M; operating EBIT $154M. Cash from ops $1.1B aided by NOVA payment. Sadara equity loss recognition suspended.
Merger of Borouge, Borealis and NOVA creates global pure‑play polyolefins leader with 13.6 Mtpa capacity, >$500M synergies, advantaged feedstock and investment‑grade ratings
Roger Kearns, Dr. Stefan Doboczky and Dr. Hasan Karam to lead; interim CFO until May 2026; supervisory board set; deal on track to close by end‑March 2026, forming a global polyolefins leader
