Ascend to build new On Purpose Propylene plant in Texas
March 04, 2013
Houston-based Ascend Performance Materials Texas will build a $1.2 billion propane production plant in Alvin, Gov. Rick Perry said in a statement.
The state is providing $1 million to the company through the Texas Enterprise Fund. The state money is dependent on approval of a local incentive package, the statement said.
The facility will create 100 jobs.
Ascend's new facility in Brazoria County, with more than a billion dollars worth of capital investment and the creation of 100 new jobs, further strengthens the Gulf Coast's economy and chemical production industry, Perry said.
The plant will focus on propane dehydrogenation, which is a method of producing propylene, a common chemical building block for plastic and synthetic fiber products.
This project builds on the existing strength of the Ascend position as a global leader in the chemicals and nylon businesses, Tim Strehl, Ascend's president, said in a statement.
Read more: http://www.houstonchronicle.com/business/energy/article/Ascend-Performance-to-build-propane-plant-in-Alvin-4311048.php#ixzz2MbkKuCM5