Dow receives CAD $1.62?billion payment from NOVA following Alberta Court of Appeal decision
United States, March 4 -- Dow confirms receipt of a CAD $1.62 billion payment (approximately USD $1.2 billion) from NOVA Chemicals in damages following the Alberta Court of Appeal's denial of NOVA's request to stay execution of the June 2025 Court of King's Bench judgment during its appeal.The June 2025 judgment awarded Dow additional damages related to NOVA's failure to operate the jointly owned ethylene asset in Joffre, Alberta, at full capacity and expanded the loss period previously addressed by the court.In addition to the damages award, Dow confirms receipt of CAD $140 million (approximately USD $100 million) in costs, along with post?judgment interest, bringing the total proceeds paid to Dow to CAD $1.8 billion (approximately USD $1....
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