Insight
Is Chevron Phillips Chemical considering the acquisition of Nova Chemicals?
Report summary
Chevron Phillips Chemical, the 50/50 JV between Chevron and Phillips 66, is reported to have made a US$15 billion bid for Nova Chemicals Corp, a Canadian petrochemicals company. With this acquisition, Chevron Phillips would become the third largest polyethylene producer in North America, after Dow Chemical. Ethane feedstock advantage makes North America an ideal location for expansion in the ethylene-polyethene sector. With up to 1.5 million tons per year of merchant ethylene possibly available after this acquisition, CPCHEM would be in a strong position to leverage ethane economics into integrated derivatives on the US Gulf Coast.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Retail fuels in brief
Our brief analyses of the most important developments across retail fuel markets globally, kept to the point.
$900
Insight
Corporate CCUS benchmarking 2024
Which oil and gas companies are embracing CCUS as part of their energy transition strategy?
$1,350
Insight
Alcoa and Alumina Ltd: An acquisition to make way for other acquisitions?
Alcoa + Alumina Ltd is the largest supplier of alumina in the ex-China market.
$1,050
