Eastman, Sinopec JV hydrocarbon resin plant in China

Eastman, Sinopec JV for hydrocarbon resin plant in China

11:21 AM, 1st August 2012
Eastman, Sinopec JV for hydrocarbon resin plant in China

KINGSPORT, US: Eastman Chemical Company 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 tonne of Eastman’s Adhesives and Plasticizers segment’s Regalite hydrocarbon resins upon completion.

The facility is expected to be operational by the end of 2014 and will increase Eastman’s total capacity for hydrogenated resins by 50 per cent, 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. This new facility reinforces our dedication to growing with our customers and to meeting demand in China and all of Asia,” said Ron Lindsay, Executive Vice President, Eastman.

© WOC News



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