Judge awards Dow Chemical USD$1.06 billion in damages against Nova Chemicals
EDMONTON — A judge has awarded Dow Chemical Canada $1.06 billion in damages against Nova Chemicals Corporation in a dispute over a massive ethylene plant in central Alberta.
The dispute centred around the operation of a production facility in Joffre known as E3.
E3 started operating in 2000 as a joint venture, with Nova running the facility.
Dow Canada alleged breach of contract over the E3 joint venture agreements, claimed that Nova took part of the ethylene and other products that belonged to Dow and failed to run the facility at full production.