INVISTA’s Latest P8 Technology Sees First Successful Deployment in China

SHANGHAI–(BUSINESS WIRE)–INVISTA Performance Technologies (IPT) and Jiaxing Petrochemical Co.,
Ltd, a subsidiary of Tongkun Group Co., Ltd, announce the successful
start-up of Jiaxing Petrochemical’s second PTA Line, utilising INVISTA’s
latest P8 technology. The first reaction train reached 100 percent
design rate in just 10 days from the first introduction of feedstock.

P8 is the very latest PTA technology platform from INVISTA, representing
industry-leading capital productivity, variable cost and environmental
footprint. It is the latest demonstration of INVISTA’s 30-year track
record in successfully deploying new generations of PTA technology that
create competitive advantage for licensees.

A ceremonial session was held by Jiaxing Petrochemical to celebrate the
outstanding achievement. Mr. Xu, president of Tongkun Group, expressed
his trust in INVISTA’s PTA technology and the capability of its
engineers and scientists. He said, “We are pleased to see the successful
start-up of our second PTA line and the operations are currently running
very well.”

“We recognize that INVISTA’s P8 technology is a world-class PTA
technology. And the successful start-up is an outcome of close
collaboration between the teams of both companies. We look forward to
continuous cooperation in the future,” Mr. Xu added.

Mike Pickens, president of INVISTA Performance Technologies, commented
in his speech at the ceremony, “We are honored that the first deployment
of our latest P8 technology has been in partnership with Jiaxing
Petrochemical and it is appropriate that they will be rewarded by the
superior project returns made possible by the advanced P8 technology
platform.”

The achievement represents yet another major milestone for Jiaxing
Petrochemical and INVISTA, following the start-up of the first PTA line
in 2012.

INVISTA’s latest PTA technology is available as a license package from
INVISTA Performance Technologies. For more information, please visit www.ipt.INVISTA.com.

About INVISTA

With leading brands including LYCRA®, COOLMAX®, CORDURA®,
STAINMASTER® and ANTRON®, INVISTA is one of the world’s largest
integrated producers of chemical intermediates, polymers and fibers. The
company’s 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
Jodie Stutzman, +1-316-828-1786
[email protected]