Chevron Phillips Chemical in bid to acquire Nova Chemicals

June 23, 2019 Off By Sebastian Reisig

According to news reports Chevron Phillips has offered to acquire Nova Chemicals for more than $15 billion including debt.

Chevron Phillips Chemical would gain scale and expand its footprint through the acquisition of Nova Chemicals, whose expandable polystyrene and resins are used in a range of industries, from construction to packaging.