|  Clifton Linton

Williams to Sell Its Share in the Geismar Olefins Facility to NOVA Chemicals for $2.1 Billion; Announces Long-Term Feedstock Supply and Transportation Deal with NOVA

Williams Partners said today that it has agreed to sell 100 percent of its membership interest in Williams Olefins LLC, which owns an 88.46 percent undivided ownership interest in the Geismar, Louisiana, olefins plant and associated complex, to NOVA Chemicals for $2.1 billion in cash subject to customary closing conditions. The deal is expected to close in the summer of 2017.

Also, Williams said it inked a long-term supply and transportation agreement with NOVA Chemicals to provide feedstock to the Geismar olefins plant via William...

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