NOVA Chemicals 2016 Sustainability Report Highlights Commitment to Social Responsibility, Positive Operating and Financial Results
(Thomson Reuters ONE) -
NOVA Chemicals Corporation, 1000 Seventh Avenue S.W., Calgary, Alberta, Canada
T2P 5L5
www.novachemicals.com | 403.750.3600 tel | 403.269.7410 fax
Calgary, Alberta (July 12, 2017) - NOVA Chemicals Corporation released its
2016 Sustainability Report today as part of its ongoing commitment to being a
socially responsible global citizen. The report, a snapshot of performance and
a commitment to continual improvement, is available at www.novachemicals.com.
"At NOVA Chemicals, our purpose is to shape a world where products vital to
our health and happiness are even better tomorrow than they are today," said
Todd Karran, president and CEO, NOVA Chemicals Corporation. "Both in our
products and those we enable, we are committed to innovation that makes
people's lives healthier, easier and safer."
NOVA Chemicals celebrated the grand opening of its transformed Centre for
Performance Applications in Calgary in 2016. The Centre works with customers
to develop new applications including safer, lighter and more recyclable
products. This facility is an early demonstration of the focus to deliver game
changing technology and create an exceptional customer experience. New
equipment and upgrades throughout the facility allow experts to perform
critical work in applications development, while helping to meet the growing
consumer demand for polyethylene in the Americas in a responsible way.
NOVA Chemicals also developed an all-polyethylene, multilayer film structure
design that can be used by NOVA Chemicals' customers in the stand-up pouch
format. This design allows the popular food packaging format to be recyclable,
compatible with #2 HDPE recycling streams, and retains the performance and
cost of non-recyclable mixed material packages. These types of innovative food
packaging solutions may help to increase recycling rates and reduce landfill
waste.
NOVA Chemicals sold a record polyethylene volume of 1.8 million tonnes in
2016, which is the result of continued outstanding operating performance and
production at its plants. The company also completed the start-up of its
polyethylene reactor in 2016 at its Joffre, Alberta site. This is the first
new reactor of this kind in the Americas in over a decade and increases NOVA
Chemicals' polyethylene capacity by 25 percent.
"These positive operating and financial results are accompanied by our
unwavering commitment to Responsible Care(®) and Sustainability," said Karran.
"Sustainability and performance are essential for our long-term business
success. The two are interdependent."
Other milestones in the 2016 Sustainability Report include:
* The company invested more than $2.3M to support community organizations
with a focus on three core areas: education and science, health and
community service, and the arts. In addition, over 1,000 employees
volunteered 6,800 hours.
* During 2016, NOVA Chemicals received the Minister's Award for
Environmental Excellence from the Ontario Ministry of Environment and
Climate Change. The award recognized progress in transitioning our Corunna
facility from oil-based to primarily ethane-based feedstock, resulting in
reduced emissions.
* In July 2017, NOVA Chemicals completed the acquisition of Williams
Partners L.P.'s ownership interest in the Geismar, La., olefins plant, a
significant company change which occurred subsequent to the reporting
period.
NOVA Chemicals Corporation's 2016 Sustainability Report is prepared in
accordance with the Global Reporting Initiative (GRI) G4 Sustainability
Reporting Guidelines - Core Option.
About NOVA Chemicals
NOVA Chemicals develops and manufactures chemicals and plastic resins that
make everyday life healthier, easier and safer. Our employees work to ensure
health, safety, security and environmental stewardship through our commitment
to sustainability and Responsible Care(®). NOVA Chemicals, headquartered in
Calgary, Alberta, Canada, is wholly-owned ultimately by Mubadala Investment
Company of the Emirate of Abu Dhabi, United Arab Emirates.
# # #
Media inquiries, please contact:
Mark Horner
Director, Corporate Communications
E-mail: Mark.Horner(at)novachem.com
The NOVA Chemicals logo is a registered trademark of NOVA Brands Ltd.;
authorized use.
Responsible Care(®) is a registered trademark of the Chemistry Industry
Association of Canada.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOVA Chemicals Corporation via GlobeNewswire
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Datum: 12.07.2017 - 15:50 Uhr
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