By OGJ editors
HOUSTON, Mar. 22 -- Nova Chemicals Corp. and Aux Sable Canada Ltd. have signed a letter of intent to jointly develop a 40,000 b/d ethane extraction plant in Fort Saskatchewan, Alta. The plant would have a capacity to process as much as 1.2 bcfd of natural gas, which will be transported via the Alliance Pipeline system.
The ethane will be piped to Nova Chemicals' Joffre, Alta., petrochemical complex to be used as a feedstock.
Aux Sable will own and operate the plant, which is expected to begin operating in mid-2010.