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Total expands petrochemicals operations
in the U.
S.
Gulf of Mexico Coast, and Total said it has formed a joint venture with Borealis and Nova Chemical
.
The joint venture will invest $1.
7 billion to build an ethane-based cracker and a Borstar polyethylene plant
on the U.
S.
Gulf Coast.
Total holds 50% of the shares in the joint venture, with the remaining 50% held by Borealis and Nova Chemicals
.