Dow Inc. said it has received CAD 1.62 billion from NOVA Chemicals in damages after an Alberta Court of Appeal decision denied NOVA’s request to stay execution of a June 2025 judgment while it appeals. Dow also received CAD 140 million in costs plus post-judgment interest, bringing total proceeds to about CAD 1.8 billion, with a Canadian tax withholding expected to be remitted back in full by year end. The dispute relates to NOVA’s alleged failure to operate a jointly owned ethylene asset in Joffre, Alberta, at full capacity.

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