INVISTA Proceeds with $250 Million Technology Upgrade in Victoria, Texas

VICTORIA, Texas–(BUSINESS WIRE)–INVISTA is entering the final design phase for a $250 million project at
its Victoria site to upgrade its manufacturing technology and increase
production of adiponitrile (ADN), a key ingredient for nylon 6,6 fibers
and plastics. Construction for the project is slated to get underway in
the first quarter of 2019.

ÔÇ£WeÔÇÖre proud to deploy our most advanced ADN technology here and expect
this investment to further strengthen the Victoria siteÔÇÖs competitive
position as a global leader in the manufacture of nylon intermediate
chemicals,ÔÇØ said Bill Greenfield, president, INVISTA Intermediates.

The new technology, developed and in use at the INVISTA facility in
Orange, Texas, brings improved product yields, reduced energy
consumption, lower greenhouse gas emissions, enhanced process stability
and reduced capital intensity, compared to existing technologies. These
improvements in performance have enabled the Orange facility to set
production volume records since deployment in 2014.

This investment in Victoria comes on the heels of an announcement last
September, where INVISTA and its joint venture partner, Solvay, decided
to deploy this technology at the Butachimie joint venture in France.
INVISTA has also received strong interest from customers and others in
the value chain seeking to participate with INVISTA in building a new
ADN plant in China.

As the worldÔÇÖs leading supplier for ADN, INVISTA supports growth and
innovation in the nylon industry by continually investing in research
and development, including the continued improvement of its ADN
technology. The new ADN technology is the result of more than $40
million in research and development spanning four years on two
continents.

About INVISTA

With leading brands including LYCRA®, COOLMAX®, CORDURA®,
STAINMASTER┬« and ANTRON┬«, INVISTA is one of the worldÔÇÖs largest
integrated producers of chemical intermediates, polymers and fibers. The
companyÔÇÖs advantaged technologies for nylon, spandex and polyester are
used to produce clothing, carpet, air bags and countless other everyday
products. A wholly owned subsidiary of Koch
Industries and headquartered in the United States, INVISTA
has more than 50 locations around the world. For more information, visit INVISTA.com,
Facebook.com/INVISTAglobal
and Twitter.com/INVISTA.

Contacts

INVISTA
Jeanette Clement, +1 316-828-1652
[email protected]