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Dow Says Canadian Court Orders Nova Chemicals to Pay Dow Additional $1.18 Billion in Damages
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Dow Says Canadian Court Orders Nova Chemicals to Pay Dow Additional $1.18 Billion in Damages
Jun 11, 2025 4:14 AM

06:46 AM EDT, 06/11/2025 (MT Newswires) -- Dow (DOW) said Wednesday that the Court of King's Bench of Alberta, Canada, has ordered Nova Chemicals to pay an additional amount of 1.62 billion Canadian dollars ($1.18 billion) in damages to Dow.

The order, signed on Tuesday, relates to losses Dow incurred from the parties' jointly owned ethylene asset in Joffre, Alberta, the company said, adding that it expects to receive the payment in Q4.

Dow said the judgment is subject to appeal.

Nova Chemicals did not immediately respond to MT Newswires' request for comment.

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