Canadian court orders NOVA Chemicals to pay Dow an additional CAD$1.6 billion judgment

Core Insights - The Court of King's Bench of Alberta has ordered NOVA Chemicals Corporation to pay Dow CAD$1.620 billion (approximately USD$1.2 billion) in damages related to a jointly owned ethylene asset [1] - This judgment is in addition to a previous payment of CAD$1.43 billion (approximately USD$1.08 billion) made by NOVA to Dow in 2019 for similar breaches [2] - The judgment is subject to appeal [3] Company Overview - Dow is a leading materials science company with a focus on high-growth markets such as packaging, infrastructure, mobility, and consumer applications [4] - The company operates manufacturing sites in 30 countries and employs approximately 36,000 people, with sales of approximately USD$43 billion in 2024 [4]