Canada-Based NOVA Chemicals Plans Connersville, Indiana, Operations
07/19/2023
The new facility will be operated by Novolex Holdings LLC, a leading developer of packaging products for foodservice and industrial markets, and will process post-consumer plastic films to produce SYNDIGO recycled polyethylene (rPE) at commercial scale. Operations are scheduled to begin by 2025.
“NOVA Chemicals continues to show clear leadership in reshaping plastics for a better, more sustainable world,” said NOVA Chemicals President and CEO Roger Kearns. “We are committed to helping our customers achieve their recycled content goals through a variety of business models and we look forward to making more announcements like this as we work to enable a low-carbon, zero plastic waste future.”
Based on the company’s job creation plans, the Indiana Economic Development Corporation (IEDC) committed an investment in NOVA Circular Solutions and Novolex of up to $1.4 million in the form of incentive-based tax credits and up to $100,000 in training grants. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and investments are made. The city of Connersville offered additional incentives, and Duke Energy approved incentives to offset a portion of the energy costs.
“Indiana is laser-focused on building a high-tech, sustainable economy of the future, and this new mechanical recycling facility is a perfect fit for powering our circular economy,” noted Indiana Secretary of Commerce Brad Chambers. “NOVA Chemicals’ and Novolex’s new operation in Connersville is a significant development for the community and the west central Indiana region, and we look forward to the impact it will have on Hoosier jobs and prosperity for years to come.”
NOVA Chemicals, which is headquartered in Calgary, Alberta, Canada, employs nearly 2,500 associates worldwide and is wholly owned by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates. The company’s investment in Connersville will expand its recently announced NOVA Circular Solutions line of business, which is home to the SYNDIGOTM brand and is focused on lower-emission, recycled solutions that will help reshape a better, more sustainable world.
Project Announcements
Oldcastle APG Plans Lancaster, South Carolina, Operations
05/10/2025
Vantive Plans Deerfield, Illinois, Headquarters Operations
05/10/2025
SkyWest Airlines Plans Shreveport, Louisiana, Maintenance Operations
05/10/2025
Hissho Sushi Plans Rock Hill, South Carolina, Headquarters-Distribution Operations
05/09/2025
Nelson Brothers Expands Walker County, Alabama, Operations
05/04/2025
Kimberly-Clark Expands Aiken County, South Carolina, Distribution Operations
05/04/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024