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Borealis Acquires Full Ownership of Novealis Holdings Joint Venture

Published on 2020-04-17. Edited By : SpecialChem

Borealis Acquires Full Ownership of Novealis Holdings Joint Venture Borealis AG has completed the acquisition of NOVA Chemicals’ 50 percent ownership interest in Novealis Holdings LLC joint venture.

Acquisition to Support Global Growth


This acquisition supports our global growth ambitions,” said Alfred Stern, Borealis chief executive officer.

Novealis is the joint venture between affiliates of Borealis and NOVA Chemicals, which subsequently formed a 50/50 joint venture with an affiliate of Total S.A. to launch Bayport Polymers LLC (“Baystar”) in Houston, Texas, US.

Acquiring NOVA Chemicals’ share in Novealis will allow us to further increase our footprint in North America, enabling us to better serve our customers in this region with our value-add Borstar®technology and its related products,” added Stern.


Source: Borealis
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