WICHITA, KAN. (Oct. 27, 2:30 p.m. ET) — Invista has taken one more step forward with its nylon 6/6 intermediates and polymer project in Shanghai, with a newly signed memorandum of cooperation with the Shanghai Chemical Industry Park Administration Commission.
Permitting and engineering work for the first phase of the project has begun. Subject to government approvals, the plant is expected to break ground in early 2013.
When completed, the plant will be the most energy efficient and technologically advanced nylon intermediates plant in the world, Invista said in a news release. It will serve to meet the increasing demand in China and the rest of Asia.
The Wichita, Kan.-based company had announced plans for the facility back in 2007, but decided to hold off due to the global economic downturn. It announced in Feb. to restart the project.