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Kotagiri, 51, is Magna's current president and 21-year veteran of the Canadian automotive parts supplier.
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The sale, for an undisclosed amount, will allow Calgary-based Nova to concentrate on the start up of its Sclairtech technology site near Sarnia, Ont.
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Arlanxeo’s olefins business produces butadiene and raffinate, and is located at the Bio-Industrial Park in Sarnia, Ont.
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In order to achieve the scale needed to play a meaningful role, the report from Wood Mackenzie says, the bioplastics industry will require significant regulatory interventions from governments and substantial cost efficiencies as technologies mature and scale.
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The surveys are being offered industry-wide, not just to members, in order to collect data from a broader demographic.
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Ten key issues to watch, according to global energy consultancy group Wood Mackenzie.
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A team from the University of North Dakota is using a $750,000 grant from NASA to develop the new flexible plastic spacesuits.
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