Dow Chemicals Canada has been awarded $1.06bn in damages from Nova Chemicals in a dispute involving a joint-venture ethylene plant in Alberta. Dow alleged breach of contract over the joint venture agreement claiming that Nova took products that belonged to Dow – such as ethylene – and failed to run the facility at full capacity. "While this decision is extremely disappointing, it has no impact on our announced growth plans," Nanz said in an email. " Nova blamed the problems on a shortage of ethane, the main feedstock for ethylene, and claims that it operated the plant at the highest possible capacity given shortcomings. The case is expected to be heard by an Alberta court next year. Nova plans to appeal.
Dow Chemicals Canada has been awarded $1.06bn in damages from Nova Chemicals in a dispute involving a joint-venture ethylene plant in Alberta. Dow alleged breach of contract over the joint venture agreement claiming that Nova took products that belonged to Dow – such as ethylene – and failed to run the facility at full capacity. Nova blamed the problems on a shortage of ethane, the main feedstock for ethylene, and claims that it operated the plant at the highest possible capacity given shortcomings. The case is expected to be heard by an Alberta court next year. Nova plans to appeal.