chemicals founded 1954 headquarters calgary alberta canada moon township pennsylvania united states new brunswick key people todd karran ceo november 2009 products ethylene polyethylene chemical and energy co products expandable polystyrene and styrenic performance products revenue us 6.732 billion 2007 number of employees 3 300 2008 1 parent international petroleum investment company website www.novachemicals.com nova chemicals corporation is a plastics and chemical company headquartered in calgary alberta with executive offices in the pittsburgh suburb of moon township pennsylvania and lambton county ontario . it was founded in 1954 as alberta gas trunk lines and was later renamed to nova corporation . 2 in 1998 it merged with transcanada pipelines limited . 3 on july 6 2009 the international petroleum investment company ipic which is wholly owned by the government of the emirate of abu dhabi completed the 100 % purchase of nova chemicals and transferred its place of incorporation to the province of new brunswick . 4 nova chemicals products are used in a wide variety of applications including food and electronics packaging industrial materials appliances and a variety of consumer goods . the company operates two business units and holds a 50 % interest in a major joint venture with ineos group limited ineos called ineos nova . nova chemicals business units are contents 1 the olefins polyolefins 2 performance styrenics 3 ineos nova 4 references the olefins polyolefins edit the olefins polyolefins business unit produces and sells ethylene pe resins and co products from its two manufacturing centers located in alberta and ontario canada . the business is built on its feedstock cost advantage in alberta world scale and energy efficient manufacturing facilities and proprietary advanced sclairtech and gas phase polyethylene technology . the olefins polyolefins business unit contains three reporting segments joffre olefins which produces and sells ethylene and co products and includes the joffre alberta site s three ethylene crackers . corunna olefins which produces and sells ethylene and co products and includes the corunna ontario ethylene flexi cracker . polyethylene which produces and sells pe and includes both the alberta and ontario based pe assets . in addition the polyethylene segment licenses its proprietary process technology and catalysts . performance styrenics edit performance styrenics manufactures and sells expandable polystyrene eps in north america and specialty polymers . this business unit also has interests in eps based downstream ventures and businesses for end use consumer and industrial applications . ineos nova edit ineos nova is a 50 50 joint venture between nova chemicals and ineos that manufactures and sells styrene solid polystyrene sps and eps . until september 30 2007 nova chemicals operated a commodity styrenics business unit known as styrenix which manufactured and sold styrene and sps in north america . it also manufactured and sold sps and eps in europe through nova innovene its 50 50 joint venture with ineos . on october 1 2007 nova chemicals and ineos expanded their european joint venture to include the north american styrene and sps businesses of both companies . nova chemicals no longer reports the results of its styrenix business unit but rather its interest in ineos nova . nova was long headquartered in calgary alberta until then ceo jeffrey lipton moved the executive offices to pittsburgh pa in the late 1990s . while this was order to be closer to us customers the benefits of the move never materialized and it was seen as a snub to province of alberta as premier ed stelmach refused to grant nova a bailout in 2009 . due to the financial meltdown and recession in 2007 09 as well as nova s heavy debtload which was not paid off during strong economic times the company lapsed close to bankruptcy until it was sold to the ipic . references edit a b company profile for nova chemicals corp ncx . retrieved 2008 10 09 . canadian encyclopedia . retrieved online 2011 09 28 nova chemicals history . retrieved online 2011 09 28 nova chemicals company history and development companies portal pittsburgh portal alberta portal v t e pittsburgh corporations within the pittsburgh metro area fortune 500 headquarters u.s. steel pnc financial services ppg industries kraft heinz mylan wesco international consol energy dick s sporting goods allegheny technologies forbes largest private companies headquarters 84 lumber giant eagle other corporation headquarters american bridge american eagle outfitters ampco pittsburgh ansys armstrong communications atlas america bruster s ice cream calgon carbon chemadvisor college prowler compunetix dollar bank dqe energy eat n park edmc eqt energy federated investors gnc guru.com highmark h. laughlin china igate ii vi incorporated iron city brewing company kennametal koppers marc usa millcraft industries mine safety appliances niche.com oxford development ptc alliance rue21 university of pittsburgh medical center vocelli pizza wabtec companies with split headquarters alcoa modcloth nova chemicals subsidiary company headquarters allegheny energy bayer usa fedex ground glaxosmithkline usa lanxess respironics vivisimo westinghouse electric company outside companies with strong pittsburgh relations bny mellon formerly mellon financial dreyfus corporation eaton corporation spreadshirt macy s list of corporations in pittsburgh retrieved from https en.wikipedia.org w index.php title nova chemicals & oldid 734094902 categories companies based in pittsburghchemical companies of canadacompanies based in calgarycompanies established in 1954hidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to 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