Nova Molecular Technologies, Inc. expanding operations in Sumter County
October 28, 2020
Nova Molecular Technologies, Inc., a chemical manufacturing company, today announced plans to expand operations in Sumter County. The more than $14.9 million investment will create 25 new jobs.
Founded in 1991, Nova is a leading producer of high-purity solvents. The company’s high-value solvent Recovery and Return program helps companies reduce costs, increase supply certainty and improve sustainability initiatives. Additionally, through its Recovery and Return program, chemicals are recovered that would traditionally be sent to waste disposal, reducing environmental impact and allowing better risk mitigation of raw material supply.
Expanding to the Pocotaligo East Industrial Site in Sumter, located within an Opportunity Zone, Nova’s expansion will increase the company’s manufacturing operations.
The expansion is expected to be completed by 2024. Individuals interested in joining the Nova team should visit https://novamolecular.com/ for more information.
The Coordinating Council for Economic Development has approved job development credits related to this project. A $300,000 Set-Aside grant was also awarded to Sumter County to assist with the costs of site preparation and infrastructure improvements.
