Solenis International LLC said yesterday it plans to invest $193 million to build a polyvinyl amine (PVAm) polymer production facility and related assets at its existing site at Suffolk, Virginia, said the company.
The expanded facility will include production, packaging, a tank farm and a rail spur. PVAm is used in paper and cardboard manufacturing.
“As demand rises for sustainable manufacturing operations, this new facility not only ensures we have capacity to supply the paper packaging market, it will also help us diversify into other applications that can drive additional growth,” said John Panichella, CEO of Solenis.
The Commonwealth of Virginia’s Opportunity Fund has approved a $275,000 grant to the city of Suffolk to help with the project, Solenis said. “The company is also eligible to receive Port of Virginia tax credits and benefits from the Rail Industrial Access Program, subject to approval by the Commonwealth Transportation Board,” it added.
We remind, Solenis, a leading global producer of specialty chemicals for water-intensive industries, completed the acquisition of CedarChem LLC on October 2, 2023. As part of the acquisition, Solenis will acquire all CedarChem operating assets. Headquartered in Cedartown, Georgia, CedarChem offers a full suite of water and wastewater treatment products for industrial and municipal markets, primarily in the southeastern U.S.
mrchub.com