News Briefs (September 01, 2010)
Calgary, Alta.-based chemicals manufacturer Nova Chemicals has signed a memorandum of understanding with Hess Corporation, of New York City, to start receiving ethane from Hess's plant in Tioga, N.D. for use in Nova's Joffre, Alta. ethylene and...
September 1, 2010 by Canadian Plastics
Calgary, Alta.-based chemicals manufacturer Nova Chemicals has signed a memorandum of understanding with Hess Corporation, of New York City, to start receiving ethane from Hess’s plant in Tioga, N.D. for use in Nova’s Joffre, Alta. ethylene and PE production complex.
To facilitate this, a new pipeline will be built between the so- called “Bakken Formation” oil and gas field, located between the states of North Dakota and Montana in the U.S., and Saskatchewan and Red Deer, Alta. in Canada. The pipeline is expected to be completed by the fall of 2010. The arrangement also involves Nova purchasing 100 per cent of the ethane produced at Hess’s Tioga gas plant.
Quebec City-based composites parts maker Sigma Industries Inc. has filed for bankruptcy reorganization in Canada, seven months after its U.S. subsidiary in Ohio filed for Chapter 11.
Brampton, Ont.-based injection mold manufacturer StackTeck Systems Ltd. has acquired Matrix Technology Specialists, based in Hong Kong, and formed a new company: StackTeck Matrix Systems. Designed to expand StackTeck’s presence in Asia, the new outfit will have operations in Toronto, Hong Kong, Bangkok, and Ho Chi Minh City.
Barway Plastic Equipment Inc. has been named the new sales representative for Axmann Conveying Systems for eastern Ontario, Quebec and the Maritimes. Barway is headquartered in Vaudreuill-Dorion, Que. Jeffersonville, Ind.-based Axmann’s product range includes flat conveyors, inclined conveyors, horizontal to inclined/declined conveyors and underwater conveyors.
Heat application specialist Stanmech Technologies Inc., of Burlington, Ont., has been named the exclusive distributor for compressed air products supplier Nex Flo Air Products Corp. in Ontario and Quebec. Nex Flo is headquartered in Richmond Hill, Ont.