Woelfel steps down at Nova Chemicals, Karran named acting CEO
May 1, 2014 2:14 pm ET
Longtime petrochemicals veteran Randy Woelfel has stepped down after four years as CEO of Nova Chemicals Corp., one of North America's largest polyethylene makers.
Longtime petrochemicals veteran Randy Woelfel has stepped down after four years as CEO of Nova Chemicals Corp., one of North America's largest polyethylene makers.
The never-ending winter of 2014 played a role in North American polyethylene resin prices climbing in February — but the weather was not enough to stop regional polypropylene prices from sliding in that month as well.
Nova Chemicals Corp. said it will be the first plastics company to use ethane from the Marcellus Shale Basin to convert to ethylene.
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