The companies expect to reach a final agreement on the venture in early 2005 and begin operations in the first half of the year.
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NOVA Chemicals, BP Form JV
It will be headquartered in Fribourg, Switzerland
Canadian petrochemical company NOVA Chemicals agreed to form a joint venture with BP PLC to manufacture and market styrenic polymers in Europe.
NOVA said the joint venture is expected to generate about $1 billion in revenue from seven manufacturing sites in France, Germany, the Netherlands, Sweden and the United Kingdom. It will be headquartered in Fribourg, Switzerland.
The companies expect to reach a final agreement on the venture in early 2005 and begin operations in the first half of the year.
The companies expect to reach a final agreement on the venture in early 2005 and begin operations in the first half of the year.
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