Expanded INEOS NOVA Joint Venture Launched

    JOLIET, ILL., October 1 /CNW/ - INEOS NOVA, the 50:50 joint venture
between NOVA Chemicals and INEOS, announced today it commenced expanded
operations on October 1, 2007. Headquartered in Joliet, Illinois, INEOS NOVA
is a leading manufacturer and marketer of styrene and styrenic polymers in
North America and Europe.

    Kevin McQuade, CEO of INEOS NOVA said, "INEOS NOVA is leading significant
change in the styrenics industry. Our company was founded with a firm belief
in the industry's potential and we are committed to making this a reality."
McQuade went on to say, "We believe that our competitiveness depends on the
success of our customers and we are dedicated to meeting their needs."

    As previously announced, INEOS NOVA is expected to generate approximately
$3.8 billion (EUR 2.7 billion) in revenue from manufacturing sites in the
United States, Canada, France, Germany, The Netherlands, and Sweden. The
venture will include production and global sales of styrene, polystyrene,
NAS(R) and ZYLAR(R) performance polymers as well as expandable polystyrene in
Europe. DYLARK(R) polymers will not be included in the joint venture and will
continue to be manufactured and sold by NOVA Chemicals.

    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.

    Photographs, maps and graphics are available upon request.

    NAS(R) and ZYLAR(R) are registered trademarks of INEOS NOVA LLC.
DYLARK(R) is a registered trademark of NOVA Chemicals Inc.

For further information:

For further information: INEOS NOVA media inquiries: North America Ed
Barnes - Vice President +1 815-423-1208 ed.barnes@ineos-nova.com or Europe
Carole Beatty - Public Affairs +41 26 4265632 carole.beatty@ineos-nova.com

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