NOVA Chemicals Corporation muscles into a long line of plastic products. The company makes ethylene, polyethylene, and performance styrenics used in the manufacture of plastic and foam products. Applications include packaging, plastic bags, appliances, electronics, housewares, and plastic pipe. Through its INEOS NOVA joint venture (with INEOS), the company was one of the world's largest producers of styrene monomer and styrenic polymers. However, in 2010 INEOS announced it was buying out NOVA's 50% share of INEOS NOVA in favor of a new venture with BASF SE. The US and Canada account for 80% of NOVA's sales. It's owned by Abu Dhabi's International Petroleum Investment Co., or IPIC.