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Ascend to spend $175 million to expand adiponitrile capacity

 Last Update: 2022-08-21
 Source: Internet
 Author: User

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Ascend has reached an agreement with the U.
S.
state of Alabama to provide funding for the construction of a combined heat and power unit and to expand its adiponitrile capacity in Decatur, Alabama

Ascend's board of directors has approved the project, subject to a final agreement

Ascend President and CEO Phil McDivitt said

"It's great to see a world-class manufacturer like Ascend decide to include Alabama in their growth plans

," said Governor Kay Ivey.

Jeremy Nails, president of the Morgan County Economic Development Association, added, "Morgan County is fast becoming a manufacturing center of excellence

MasTec Power Corp.
, a wholly-owned subsidiary of MasTec, Inc.
(NYSE), was selected as the prime contractor for the project, with construction to begin in the second quarter of 2020 and end in late 2021

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