31-07-2012
Eastman announces JV with Sinopec Yangzi Petrochemical Company
Eastman Chemical Company today announced a joint venture with Sinopec Yangzi Petrochemical Company Limited to build a world scale hydrogenated hydrocarbon resin plant in Nanjing, China. The venture will be equally owned by the two companies and the facility will produce 50,000 metric tons of Eastman’s Adhesives and Plasticizers segment’s Regalite™ hydrocarbon resins upon completion. The facility is expected be operational by the end of 2014 and will increase Eastman’s total capacity for hydrogenated resins by 50 percent, making Eastman the largest global supplier of hydrogenated hydrocarbon resins.
“Eastman is committed to growing our hydrogenated resins product line and this joint venture positions us to serve the fast expanding market in Asia,” said Ron Lindsay, executive vice president. “This new facility reinforces our dedication to growing with our customers and to meeting demand in China and all of Asia.”
“Eastman and Sinopec Yangzi Petrochemical Company Limited have a strong existing resin production relationship,” said Michael Chung, senior vice president of international ventures. “This venture is mutually beneficial and globalizes our Regalite™ product line.”
Eastman and Sinopec Yangzi Petrochemical Company (YPC) have an existing joint venture for the manufacture of Eastman Eastotac™ resins in Nanjing, China. The manufacturing site will be expanded for the new facility. The joint venture leverages the proximity of YPC’s integrated petroleum complex with Eastman’s technology and market positions.
Regalite™ hydrogenated hydrocarbon resins have been produced since 1985, and are used extensively in a wide variety of hot melt adhesives, polymer compounds and plastic modifications. Thanks to their versatility and broad compatibility, Regalite™ hydrogenated hydrocarbon resins can be formulated with a wide range of polymers, and offer excellent color, stability and adhesion in markets such as packaging and personal hygiene, including disposable diapers.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Audubon launches vapor recovery & reuse system for EPA compliance
Audubon Engineering Company, a leading provider of engineering, procurement, construction, fabrication, and technical services, introduced its patented Vapor Upcycle ...
26-03-2024
-
Koch Modular to expand state-of-the-art pilot plant in Houston
Koch Modular Process Systems, a market-leading provider of engineered and fabricated modular mass transfer systems for the chemical processing industry, announces the ...
26-03-2024
-
TotalEnergies and SINOPEC to produce sustainable jet fuel
TotalEnergies and China Petroleum and Chemical Corporation have signed a Heads of Agreement to jointly develop a Sustainable Aviation Fuel (SAF) production unit at a ...
26-03-2024
-
SABIC and Pashupati group to target recycling opportunities in India
SABIC, a global leader in the chemical industry, has signed a Memorandum of Understanding (MoU) with Pashupati Group, a leading Indian recycler of plastic waste and supplier ...
25-03-2024
-
Karen McKee named 2024 petrochemical heritage award recipient
The American Fuel & Petrochemical Manufacturers (AFPM) is pleased to announce ExxonMobil’s Karen McKee, president of ExxonMobil Product Solutions Company, as the ...
24-03-2024
-
ABB and Cap Clean Energy collaborate to help SAF production take off
ABB has signed an agreement with Cap Clean Energy to collaborate on sustainable aviation fuel (SAF) production sites in the Canadian provinces of Manitoba, Saskatchewan ...
21-03-2024
-
Yokogawa launches OpreX robot management core
Yokogawa Electric Corporation announces the development and release of OpreXTM Robot Management Core, a software application in the OpreX Asset Management and Integrity ...
21-03-2024
-
Samsung Engineering rebrands name to SAMSUNG E&A
Samsung Engineering, a world leading engineering solutions and project management company, announced today, that it will officially changes its name to 'SAMSUNG E&A'. ...
21-03-2024
-
Clariant and Lummus awarded catalyst technology contract for new isobutane dehydrogenation plant
Clariant, a sustainability-focused specialty chemical company, and its process partner Lummus Technology have been selected by Huizhou Boeko Materials Co. Ltd., to provide ...
20-03-2024