Invista considers $500M NH3 investment in Texas
Final project approval is contingent on a variety of factors, including completing the project’s cost analysis, successfully permitting the unit with the appropriate regulatory agencies, and support from the local community through potential economic incentives.
“The Victoria Economic Development Corporation has been working with Invista ever since we found out that Victoria might be considered for this significant investment,” said Dale Fowler, president of Victoria Economic Development Corporation. “We will work with Victoria County, Victoria Independent School District, and others to secure the appropriate economic incentives that we hope will send a strong signal of Victoria’s interest in and support for this investment opportunity.”
The intermediate chemicals produced at Invista’s Victoria site are the building blocks used to produce nylon fiber and polymer, which are key components in Invista’s global brands like Stainmaster carpet, Cordura fiber, and Torzen engineering polymer, as well as the nylon fiber and polymer in air bags, nylon apparel, automobile parts, tooth brush bristles, and heart valves.