The Diamond State Port Corp. (DSPC), Wilmington, Del., and The Chemours Co., also of Wilmington, Del., announced an agreement for the Port of Wilmington to purchase the former Chemours Edgemoor site on Hay Road, located to the north of the port’s existing facility, for $10 million. 

Chemours announced closure of the 114-acre Edgemoor manufacturing operation in August 2015 with the promise that the property would be returned to the benefit of the community and state. 

“Chemours is committed to the redevelopment of our former industrial sites, and we are very excited to see DSPC move forward to create new opportunities for growth and employment at this site,” says Mark Vergnano, chief executive officer of Chemours.

The sale is expected to close in early 2017.