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Ascend initiating $175-million project in Alabama

07
Jan '20
Pic: Business Wire
Pic: Business Wire
Ascend Performance Materials is initiating a $175 million project in Alabama which will expand adiponitrile (ADN) capacity, reduce the site’s environmental footprint and create new jobs. Ascend Performance Materials has finalised an agreement with the state of Alabama in this connection for constructing the cogeneration units at its Decatur, Alabama, site.

Ascend’s board of directors approved the project, subject to finalised agreements with the state, Morgan County Economic Development Association and the City of Decatur. Construction will create 150 skilled jobs during construction, 10 high-end manufacturing jobs by project completion and reduce emissions by 60 per cent. Ascend currently employs over 400 people in the state of Alabama.

“The Decatur community is at the heart of our business,” said Phil McDivitt, Ascend’s president and CEO. “The ADN produced there is a critical building block for nylon 6,6, a high-performance plastic used in a variety of products from life-saving vehicle airbags to high-voltage electrical connectors.”

“Ascend Performance Materials’ facility has been an important part of Decatur’s business community for decades, and I’m pleased to see the company build on the partnership it has formed in Morgan County with this major investment,” governor Kay Ivey said. “It’s always great to see a world-class manufacturer like Ascend decide to include Alabama in its growth plans.”

President of the Morgan County Economic Development Association Jeremy Nails added, “Morgan County is quickly becoming a centre of excellence for manufacturing. We’re pleased that Ascend chose the city of Decatur to expand and help grow its economy.”

Construction will begin in the second quarter of 2020 and end in late 2021.

Ascend’s site in Decatur is one of only four plants in the world that produce ADN on a large scale.

Fibre2Fashion News Desk (SV)


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