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Invista signed a memorandum of cooperation with the Shanghai Chemical Industry Park to construct a 400,000-ton adiponitrile (ADN) plant in Shanghai, with an estimated investment exceeding $1 billion. Construction is expected to start in 2020, with startup by 2022.
“With this memorandum of cooperation and a commitment to work toward an investment agreement, we are pleased to be taking the next step toward finalizing the investment and its location.”wwd.com
Summarized from public sources; check the original articles before acting on it.