Dow Receives CAD $1.62 Billion NOVA Litigation Payment

Reuters

Mar 03

Dow Receives CAD $1.62 Billion NOVA Litigation Payment

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dow Inc. published the original content used to generate this news brief on March 03, 2026, and is solely responsible for the information contained therein.

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The dispute relates to NOVA’s alleged failure to operate a jointly owned ethylene asset in Joffre, Alberta, at full capacity.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dow Inc. published the original content used to generate this news brief on March 03, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}