SOURCE: Ascend Performance Materials

Ascend Performance Materials

February 04, 2015 11:56 ET

Ascend Performance Materials Completes Development of New Loading Facilities for Acrylonitrile

New Capability Allows for Deliveries of Product Throughout North America

HOUSTON, TX--(Marketwired - Feb 4, 2015) - Ascend Performance Materials today announced it has developed new railcar, tanker truck and ISO container loading facilities for deliveries of acrylonitrile in North America.

This new capability for loading and delivery of acrylonitrile by railcar, tanker truck and ISO container throughout North America complements Ascend's previously existing barge and ship (export) delivery capability. Ascend is now proceeding with customer trials and deliveries throughout North America.

"Ascend already operates the largest acrylonitrile production plant in the world at our Chocolate Bayou facility near Alvin, Texas, and this new capability demonstrates Ascend's strategic commitment to our North American acrylonitrile customers," said Thomas Verghese, Ph.D., president of the Chemicals business at Ascend Performance Materials.   

"The development of this new capability for delivery of significant quantities of our product by railcar, tanker truck and ISO container is a key milestone in Ascend's strategy to grow our presence in the North American acrylonitrile market," added Verghese.

For more information, visit ascendmaterials.com/an.

NOTE TO EDITORS: ASCEND PERFORMANCE MATERIALS is a trademark of Ascend Performance Materials Operations LLC. This trademark has been registered in jurisdictions throughout the world, including the United States of America.

About Ascend Performance Materials
Ascend Performance Materials is a global premium provider of high-quality chemicals, fibers and plastics. Ascend is the world's largest integrated nylon business, with its own in-house manufacturing facilities, ensuring total security of supply. Ascend's product range has earned it an unequalled reputation for quality, innovative techniques and an enlightened approach to business that expands the horizons of possibility. With eight global locations and more than 3,200 people working at our sites around the world, Ascend has the inspiration, the expertise, the people and the attitude toward innovation to consistently deliver the right solution for customers.

Together, we're making a difference.
Together, we're inspiring everyday.

More information about Ascend can be found at www.ascendmaterials.com

About SK Capital Partners
SK Capital Partners, led by Managing Directors Barry Siadat, Jamshid Keynejad, Jim Marden, Jack Norris, and Aaron Davenport, is a transformational private investment firm focusing on acquiring assets in which its partners have deep industry knowledge through previous investments and experience, and the ability deploy substantive operational strategies to unlock value and deliver superior returns. These industries include niche segments of the specialty materials, chemicals and healthcare sectors. More information is available at www.skcapitalpartners.com

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