NOVA Chemicals Signs Marcellus Ethane Supply Agreement With Caiman Energy
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Caiman Energy, LCC and NOVA Chemicals Corporation announced today that they have signed a memorandum of understanding for the supply of ethane from Caiman’s Fort Beeler Plant near Cameron, West Virginia in the Marcellus Shale Basin. Under the terms of the agreement, Caiman will expand its existing Fort Beeler gas processing plant to facilitate the extraction of ethane from natural gas and NOVA Chemicals will purchase up to 20,000 barrels per day of ethane on a long-term basis.
“We are excited with this development and pleased to be working with Caiman for the supply of ethane from Marcellus Shale for the Sarnia, Ontario petrochemical market,” said Randy Woelfel, Chief Executive Officer. “NOVA Chemicals will continue to move forward aggressively with the steps necessary to assure our…
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