Ascend Performance Materials Operations unveiled its plan to install Honeywell's propane-to-propylene technology at its Gulf Coast facility. "Global propylene demand is growing at about 4-5 percent per year. The U.S. is seeing an increase in on-purpose propylene production because of the abundance of low-cost propane from shale gas," said Honeywell Senior Vice President Pete Piotrowski, who is also general manager of the company's UOP Process Technology and Equipment business unit.

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