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Home » News » NOVA Chemicals Announces the Closing of its Acquisition of Williams’ Ownership Interest in Geismar, Louisiana Olefins Plant

NOVA Chemicals Corporation announced that it has completed the previously announced acquisition of Williams Partners L.P.’s indirect 88.46% ownership interest in the Geismar, Louisiana olefins plant. As part of the deal, NOVA Chemicals now owns approximately 525 acres of undeveloped land adjacent to the plant and Williams’ interest in the Ethylene Trading Hub in Mt. Belvieu, Texas. 

The plant produces approximately 1.95 billion pounds of ethylene annually and is located in the U.S. Gulf Coast region, the largest refining and petrochemical production hub in North America. With riverfront access, the adjacent land represents a significant opportunity for future growth. 

HSBC Securities (USA) Inc. acted as exclusive financial advisor to NOVA Chemicals on the acquisition transaction. 

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