16 May 2013 15:21 [Source: ICIS news]
HOUSTON (ICIS)--Honeywell's UOP petrochemicals technology business has won a contract to provide its technology for Ascend Performance Materials’s planned propane dehydrogenation (PDH) project on the US Gulf Coast, it said on Thursday.
Honeywell UOP said that with a capacity for more than 1m tonnes/year of propylene the plant will be the world’s largest on-purpose propylene production facility after starting up in 2015.
The Ascend project, at a site near Houston, was first disclosed in February in a ?xml:namespace>
Honeywell UOP said that Ascend marks its 14th PDH project award since the beginning of 2011, and its seventh in
"Global propylene demand is growing at about 4-5% a year,” said Pete Piotrowski, senior vice president and general manager of Honeywell's UOP Process Technology and Equipment business.
Ascend Performance Materials is a nylon 6,6 (or polyamide 6,6) producer. It is owned by investment firm SK Capital Partners.
Additional reporting by Jeremy Pafford
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections