Market Overview

INVISTA to Build World-scale Adiponitrile Facility in China by 2023

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INVISTA has begun work to bring its latest adiponitrile (ADN) technology
to China to satisfy the strong, local demand for the nylon 6,6
intermediate chemical. Engineering for a minimum 300,000-ton plant is
underway at an estimated investment in excess of $1 billion.
Construction is targeted for 2020 and production would begin in 2023.

Kyle Redinger—vice president of INVISTA Intermediates, Asia Pacific, and
2017 Shanghai Magnolia Silver Award winner—has accepted a newly created
role dedicated to meeting China's long-term needs for ADN through
capital investments, asset development and commercial arrangements.

"Given China's strong demand for ADN and its commitment to advanced,
energy-efficient technologies, INVISTA's butadiene-based ADN is the best
choice for capital investment in the region," said Redinger. "INVISTA
supplies more of the merchant market than any other ADN producer, so we
want to ensure those customers have the best technology available. The
last world-scale plant was constructed more than 35 years ago, so this
is a special time for the industry, and I am extremely proud to lead
INVISTA's efforts to deliver this new facility."

INVISTA has been meeting with customers and industry participants to
develop a collaborative strategy focused on meeting China's local needs
for ADN, which is used to make nylon polymer, fibers and other specialty
materials such as hexamethylene diisocyanate (HDI) for coatings.

Bill Greenfield, president, INVISTA Intermediates, said, "We are pleased
by the feedback we have received in the market and are confident we will
reach agreements with selected partners over the next few months; so our
shareholders have agreed to proceed with the project. Combined with the
significant investments being made in our existing ADN plants, this
decision further demonstrates INVISTA's commitment to the global
industry."

Over the past five years, INVISTA has invested more than $600 million in
China to support the nylon market, including a 215,000-ton
hexamethylenediamine (HMD) plant and a 150,000-ton polymer plant, at the
Shanghai Chemical Industry Park (SCIP). INVISTA has also created
multiple-generation improvements to the technology over the decades,
recently setting production records with the deployment of its latest
technology in the U.S.

"INVISTA has consistently added capacity to meet market needs and will
continue to do so in the future," Greenfield said. "We understand the
industry's preference toward our technologies, and so we have worked
hard to continuously improve them. We have been pleased with the
government support for our projects in the past and look forward to
working with the appropriate officials again to advance our further
developments."

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.

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