INEOS NOVA Announces Montreal Polystyrene Production to Shut Down



    JOLIET, ILL., October 10 /CNW/ - INEOS NOVA announced today that it plans
to shut down its Montreal, PQ polystyrene production by the end of 2007. The
site has annual production capacity of 120 million pounds (55 kilotons) of
polystyrene.

    Kevin McQuade, INEOS NOVA's CEO said, "Shutting down the Montreal site
will remove high-cost capacity and enable us to consolidate production at our
most efficient manufacturing sites." McQuade went on to say, "We are committed
to providing our customers with an effective transition during the coming
months."

    The shutdown will remove approximately 6% of INEOS NOVA's North American
polystyrene production capacity. This action represents the first step toward
achieving the estimated $50 million annual North American synergies target for
INEOS NOVA.

    INEOS NOVA is committed to being recognized as the global leader in
styrenics. Our employees manufacture and market styrene and styrenic polymers
with a dedicated focus on health, safety, security and environmental
stewardship. INEOS NOVA is a joint venture of INEOS and NOVA Chemicals.

    Visit us on the Internet at www.ineos-nova.com.




For further information:

For further information: INEOS NOVA media inquiries: Ed Barnes, Vice
President, +1 815-423-1208 ed.barnes@ineos-nova.com

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INEOS NOVA

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