Ascend Performance Materials Texas Inc. Invests $1.2 Billion On Propane Dehydrogenation Facility in Alvin, Texas
02/26/2013
As an incentive, Gov. Rick Perry’s Office said the state is providing $1 million through its Texas Enterprise Fund to close the deal on this expansion and job creation. Execution of the state's agreement is contingent upon finalization of a local incentive package.
"Through our combination of low taxes, predictable regulations, fair courts, skilled workforce and competitive incentives like the TEF, Texas is a national model for creating jobs and prosperity," Gov. Perry said. "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."
Ascend is a leader in proprietary technologies central to the production of chemicals, and Nylon 6,6 plastics and fibers. Nylon 6,6 is the material of choice for high performance applications in the engineering plastics and fibers industries globally, and can be found in thousands of commercial and industrial products, such as; apparel, automotive, building and industrial, chemicals, consumer goods, electronic and military industries.
The company has five manufacturing facilities in the U.S., which allow it to develop new products from its core technologies, and provides flexibility to respond to the expanding needs of its customers. This facility will focus on propane dehydrogenation, a method of producing propylene, which is 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. The active support of the governor's office, as well as that of state and local authorities, has contributed to our progress in the early stages of the development of the project," Tim Strehl said, Ascend president.
"I'm confident that Ascend's propane dehydrogenation facility will bring good jobs and a significant capital investment to the district. It's a sign of the positive direction the Texas economy is heading towards," State Rep. Ed Thompson said. "Having served on an Economic Development Corporation in District 29, I'm committed to see the area prosper and am elated to hear that Ascend has been awarded this TEF grant."
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024