Chemours to Build New $150M Research Center in DelawareChemours to Build New $150M Research Center in Delaware

Chemical maker The Chemours Company is building a new innovation and research facility at the University of Delaware’s Science, Technology, and Advanced Research (STAR) Campus under a new agreement with the institution, a press release announced Monday.

The company is investing $150 million in the 312,000-sq-ft facility, with construction slated to begin by the end of 2017.

“Chemours wants to be the best in the world at using chemistry to develop products and applications that serve our customers’ needs,” Chemours president and chief executive officer Mark Vergnano said in a press release, “and having a state-of-the-art- innovation center and a long-term research partnership with the University of Delaware puts us in a stronger position to do just that.”

When the project is completed in early 2020, a pipeline will be opened between the company and the university to develop talent and innovations, the release said.

The move will also result in retaining 330 researcher and technician jobs in the Wilmington, DE area, Chemours said.

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