BP and NOVA Chemicals Collaborate to Commercialize New ``High-activity'' Catalysts for Gas Phase Polyethylene Processes.Business Editors PITTSBURGH--(BUSINESS WIRE)--Feb. 19, 2001 Advanced Ziegler-Natta catalysts A Ziegler-Natta catalyst is a reagent or a mixture of reagents used in the production of polymers of 1-alkenes (α-olefins). Ziegler-Natta catalysts are typically based on titanium compounds and organometallic aluminium compounds, for example triethylaluminium, (C2 for BP process to result BP (NYSE NYSE See: New York Stock Exchange :BP)(LSE LSE - Language Sensitive Editor :BP)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BP) and NOVA Chemicals NOVA Chemicals is a leading chemical company jointly headquartered in Calgary, Alberta, and the Pittsburgh, Pennsylvania, suburb of Moon Township. It was founded in 1954. The corporation's chemical assets are divided into two divisions: Olefins/Polyolefins and Styrenics. Corporation (NYSE:NCX NCX Sodium Calcium Exchanger (cell membrane protein) NCX Network Connections )(TSE:NCX) today announced an agreement to jointly develop and commercialize NOVA Chemicals' advanced Ziegler-Natta (Z-N) catalysts for BP's INNOVENE(R)gas-phase polyethylene polyethylene (pŏl'ēĕth`əlēn), widely used plastic. It is a polymer of ethylene, CH2=CH2, having the formula (-CH2-CH2-)n process. NOVA Chemicals' NOVACAT(TM) T advanced Z-N catalyst technology has demonstrated enhanced properties in numerous trials versus conventional Z-N catalysts in commercial-scale polyethylene production plants. This high-activity catalyst facilitates the production of polyethylene resins with narrow or broad molecular weight distributions and produces significant increases in reactor throughput with only minimal retrofitting cost. BP's INNOVENE(R) technology is one of the leading gas-phase technologies for the manufacture of polyethylene. BP has sold 24 INNOVENE(R) licenses in 16 countries across the world, with a combined manufacturing capacity of more than four million tons of polyethylene a year. "We believe this alliance with NOVA Chemicals will lead to the rapid development of advanced gas-phase Ziegler-Natta catalysts and leading-edge polyethylene products," said Robin McGill, leader of BP's European polyethylene business. "These developments will further enhance BP's INNOVENE(R) technology as a leading gas-phase process for polyethylene production." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dan Boivin, president of NOVA Chemicals' Olefins/Polyolefins business, this technology alliance reinforces NOVA Chemicals' reputation as a leading developer of catalysts for advanced polyethylene products. Catalysts developed by the alliance will be available globally for licensing. Notes: -- NOVA Chemicals Corporation is a focused commodity chemical company, producing styrenics and olefins/polyolefins at 17 locations in the United States, Canada, France, the Netherlands and the United Kingdom. NOVA Chemicals Corporation also owns 29 percent of Methanex Corporation, the world's largest and lowest cost producer of methanol. NOVA Chemicals Corporation shares trade on the Toronto and New York Stock exchanges under the trading symbol NCX. Visit NOVA Chemicals on the Internet at www.novachem.com. -- BP is one of the world's largest petroleum and petrochemicals companies. BP's chemicals businesses manufacture and market a wide range of petrochemicals, intermediates, polymers and specialties across the world. In 1999, the businesses sold almost 22 million tons of product worldwide, with a turnover of $9.4 billion. More information is available at www.bp.com. -- (TM) NOVACAT T is a trademark of NOVA Chemicals. (R) INNOVENE is a registered trademark of BP. |
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