Shanghai - Invista has outlined how its new China ADN facility will play a major role in the future nylon 6,6 supply chain, with the country set to become the world’s largest market for nylon in the next five years.
Speaking at the at the 16th China International Polyamide & Intermediates Forum (CCFEI), Kyle Redinger, chairman of Invista (China) Investment Co and vice president of Invista Intermediates, said the company believed it was important to serve China from China to realize the full potential of the market.
In his presentation, “The role of China ADN in the future of high-performance nylon,” which highlighted Invista's strong commitment to the nylon 6,6 value chain, Redinger also updated delegates on ADN supply/demand dynamics and provided data on how the superior technical performance of nylon 6,6 will impact future growth in key sectors, including automotive, electrical and electronics applications.
"I was pleased by the feedback received after the CCFEI presentation,” said Redinger. “This was not only a venue to discuss the benefits of nylon 6,6 but to also underscore Invista’s plan to meet the short- and long-term needs of our customers and the value chains we support—one of the key pieces being our recently announced China ADN plant that will be online by 2023 using our latest ADN technology.”
The company's latest ADN technology a - a key raw ingredient in nylon production - has been designed to bring improved product yields, reduce energy consumption, lower greenhouse gas emissions, enhance process stability and reduce capital intensity, compared to existing technologies.
Redinger added: “We have been watching and forecasting the increases in nylon 6,6 demand over time and planning our capacity investments accordingly. By our estimates, China could be the world’s largest market for nylon in the next five years, and we believe it’s important to serve China from China to realize the full potential of the market.”
With an investment in excess of US$1 billion for the new ADN plant, Invista will have invested in excess of $2 billion over 10 years in its nylon 6,6 value chain globally when the plant in China is complete.
As China’s ADN demand is served by the new Invista facility, that will provide additional supply in all regions of the world to support global growth.