Back in May, the El Dorado Chemical Company's nitric acid plant exploded after a high pressure reactor failed.
Company officials say they are six months away from starting construction on a $110-million replacement plant.
The new plant will be an 11-hundred ton a day, 65-percent nitric acid plant that will possibly create at least 50 jobs over the next three years.
Officials say something positive has come from the negative situation.
"If you look at where we were in May and where we are today and what the future brings, the negative opportunity has turned into a blessing because a lot of things have come to be that probably wouldn't have happened for the future if it hadn't happened in May."
Construction on the new plant is expected to begin next spring.