Expanded INEOS NOVA joint venture launched

10-04-2007: INEOS NOVA, the 50:50 joint venture between NOVA Chemicals and INEOS, announced it commenced expanded operations on October 1, 2007. Headquartered in Joliet, Illinois, INEOS NOVA is a leading manufacturer and marketer of styrene and styrenic polymers in North America and Europe.

As previously announced, INEOS NOVA is expected to generate approximately $3.8 billion (EUR 2.7 billion) in revenue from manufacturing sites in the United States, Canada, France, Germany, The Netherlands, and Sweden. The venture will include production and global sales of styrene, polystyrene, NAS(R) and ZYLAR(R) performance polymers as well as expandable polystyrene in Europe. DYLARK(R) polymers will not be included in the joint venture and will continue to be manufactured and sold by NOVA Chemicals.