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Kelly Hancock
Acting Texas Comptroller of Public Accounts
Kelly Hancock
Acting Texas Comptroller of Public Accounts
Kelly Hancock
Acting Texas Comptroller of Public Accounts
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Comptroller’s Online Chapter 380-381 Economic Development Agreements Database

Note: For agreements that do not have a set expiration date, the expiration date will show as 12/31/2078. All information has been provided by local governments. Only agreements that are or were active as of Sept. 1, 2021, when HB 2404 went into effect or agreements that have been entered into, amended or renewed since then are required to be reported to the database.

Hitchcock

Chapter 380-381 economic development agreement information as reported to the Comptroller by this entity.

About This Local Government

Local government type: City
Local government code: 0013208
Type of agreement: New

Record filed: 01/13/2026 12:27


Address of Local Government

Address
8102 Highway 6
Hitchcock, TX 77563


Contact information for officer/other person representing the local government

Marie Gelles
City Manager
409-986-5591 
citysec@cityofhitchcock.org


Entity Information

Entity Name: VT Chemical LLC
Assumed Name of the Entity:
Business Address of Entity: 12015 Leisure Way, Dallas, TX 75243
Entity Contact Phone Number: 6153399553
Entity Contact Email: Anvar.Turdibaev@equitee.us


Agreement Information

Effective Date of Agreement: 01/06/2026
Expiration Date of Agreement: 01/06/2033
Counties that the agreement affects: Galveston
Total Monetary Value of Agreement: 680293.00
Terms on Which Agreement Expires: Agreement term is seven (7) years commencing on the Effective Date of January 6, 2026 and expiring January 6, 2033, unless terminated pursuant to the Agreement.
Source of Money Used or Type of Tax Implicated By the Agreement: Municipal Sales and Use Tax


Agreement Information

Agreement Number: 0013208

Purpose of Agreement

Chapter 380 economic development agreement providing a performance-based sales and use tax grant equal to 50% of the City’s 1.5% municipal sales tax generated from eligible taxable purchases related to an industrial manufacturing facility. Term is seven years (1/6/2026–1/6/2033). Payments are contingent on construction completion, operations, compliance, and actual tax receipt. Includes separate HEDC incentive up to $25,000.


Copy of the agreement
Previous Agreement Number:

Contact information for person submitting agreement to database

Officer Name: Monio Mark II
Officer Title: Assistant City Manger/Finance Director
Phone Number: 409-342-3369 
Email: financedir@cityofhitchcock.org