Petrochemical companies set sights on Marcellus Shale gas:

Nova Chemicals and other North American petrochemical companies are using Marcellus Shale natural gas as a cost-effective chemical feedstock substitute for oil. Nova has forged ethane-shipment deals with three companies. "The key both for our survival and to get ourselves in growth mode again was to be absolutely out in front from a feedstock-acquisition standpoint," Nova CEO Randy Woelfel said.

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