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Ascend Performance Materials indefinitely shelves US PDH project
HOUSTON, March 2, 2016 (PCW) –- Ascend Performance Materials has indefinitely shelved its Texas propane dehydrogenation project, sources close to the matter said late Tuesday.
The 2 billion lb/yr plant –- which would have been the US’ largest PDH unit -- at Chocolate Bayou in Texas was expected to come online in 2019.
Sources said aside from narrowing propane-to-propylene margins, the project’s budget -- in excess of $1.2 billion -- was reportedly deemed to be too large in the face of softer commodity prices. -– Samantha Hartke