NOVA, BOREALIS FORM JOINT VENTURE FIRM

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ROCKPORT, N.J. — Nova-Borealis Compounds LLC, a joint venture between Nova Chemicals and Borealis Compounds Inc., has been formed to produce and market wire and cable polyethylene products.

The 50/50 joint venture, which formed Jan. 1, will be headquartered in Rockport.

Borealis will contribute its wire and cable technology and compounding plant in Rockport. Nova will supply base PE resins and wire and cable products from its Sarnia, Ontario, manufacturing operations.