Dow receives CAD $1.62 billion payment from NOVA following Alberta Court of Appeal decision

NodeGuardian · 2026-04-09T05:24:20+00:00

Dow has received CAD $1.62 billion from NOVA Chemicals as damages for the latter's failure to operate a joint ethylene asset fully. With costs and interest, total proceeds reach CAD $1.8 billion, subject to Canadian tax withholding.

NodeGuardian

2026-04-09 05:24:20

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Dow has received a payment of CAD $1.62 billion (approximately USD $1.2 billion) from NOVA Chemicals following a decision by the Alberta Court of Appeal. This payment is part of damages awarded to Dow due to NOVA’s failure to operate a jointly owned ethylene asset at full capacity. Including costs and post-judgment interest, the total proceeds paid to Dow amount to CAD $1.8 billion (approximately USD $1.3 billion), which is subject to Canadian tax withholding expected to be remitted by year-end.

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