Canadian court orders NOVA to pay Dow CAD $1.62B (~$1.2B USD) in ethylene asset damages

DOW INC.

Judgment signed June 10, 2025 by Court of King's Bench of Alberta, Alberta, Canada.
NOVA Chemicals ordered to pay CAD $1.620 billion (~USD $1.2B) for breaching joint ethylene asset contract.
Award excludes interest after April 7, 2025 and legal costs; payment expected Q4 2025.
This adds to a prior CAD $1.43B (~$1.08B) award paid by NOVA to Dow in 2019 from earlier ruling.
Judgment is subject to appeal; Dow anticipates recovery in the fourth quarter.

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