by Victor Lopez
ODESSA--The Odessa Economic Development Corporation calls it a "business retention venture." They're giving $5 million to Orion-Pacific, to keep one production line at Flint Hills Resources open. The talks have been going on for the past six months.
The terms of the agreement, Orion-Pacific must keep 101 jobs filled for the next 5 years.
When it's all said and done, almost every structure on Flint Hills properties, will be gone, except for one. It's in that building, Orion Pacific, soon to be REXtac, will put out a product, that is only made in Odessa.
It all thanks to a natural gas by-product called APAO. You can find it in anything adhesive, like diapers and tape. That's what REXtac will be producing and in the process saving 100 jobs.
Gary Vest, Director of Economic Development says, the agreement between them and Orion Pacific is a good move for Odessa, especially given the current state of the economy, "I feel very confident about it. This is such a significant thing for Odessa. Losing Flint Hills Resources is a major economic blow to this community and saving this one line out there and saving Orion Pacific is significant. We can't afford another hit here in Odessa."
The Odessa Economic Development Corporation will meet to approve the agreement on Tuesday afternoon, then the City Council will take up the issue on May 26th.