Officials at the Sarnia Lambton of Chamber of Commerce say the announcement Friday by NOVA Chemicals that the green light has been given for a massive $2 billion expansion at its St. Clair Township site is evidence of the power of local companies working collectively.
“We see what the management and board of directors of NOVA Chemicals have now embraced with this final approval,” said Shirley de Silva, president and CEO. “This is what is being described as a ‘game changer’ in terms of investment. It would be hard to overestimate the significance of this announcement, especially since it is the largest single investment in the history of the Canadian petrochemical industry.”
De Silva also pointed out that the final approval of NOVA, which comes after many months of planning and deliberation, also factored in a so-called “intangible” factor—the enthusiasm put forward for the project by the entire community, including the business sector.
“Our members and the entire business community recognize that NOVA’s stature as a great neighbour and a great partner with strong roots says much about the future of our area. And clearly, they have put their words into action in a very significant and visible way,” she said.
The entire Chamber of Commerce will continue to look for ways to facilitate the success of businesses like NOVA moving forward.
“Announcements like this help demonstrate how taking the long view is what makes this community such a harbour of strength for the new economy,” added de Silva.