Eastman Chemical Company announced it has entered into a definitive agreement to sell its Texas City Operations, located in Texas City, Texas, to INEOS Acetyls, a global manufacturer and supplier of acetic acid and related chemicals owned by the INEOS Group. Texas City Operations is currently part of Eastman’s Chemical Intermediates segment. Eastman will retain … Read more
Eastman has entered an exclusive negotiation with Port-Jérôme-sur-Seine in Normandy as the preferred location of the molecular recycling facility it plans to build in France. This is an important step toward a significant milestone in the company’s plan to invest up to $1 billion and build the world’s largest material-to-material molecular recycling plant in France … Read more
Eastman Board Chair and CEO Mark Costa, French President Emmanuel Macron jointly announced Eastman’s plan to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use Eastman’s polyester renewal technology to recycle up to 160,000 metric tonnes annually of hard-to-recycle plastic waste that is currently being incinerated. The … Read more
Eastman Chemical Company announced it and certain of its subsidiaries have entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer plc for total cash consideration of $1 billion dollars. The sale consists of hydrocarbon resins (including Eastman Impera tire resins), pure monomer resins, polyolefin polymers, rosins and dispersions, and … Read more
Eastman Chemical Company announced that it has acquired 3F Feed & Food, a European manufacturer of additives for animal feed and human food. Terms of the transaction were not disclosed. Located in Spain, 3F’s business and assets are expected to strengthen and support continued global growth of Eastman’s animal nutrition business and will become part … Read more
Air Liquide announces a long-term supply agreement with Eastman Chemical Company to provide additional gaseous oxygen, nitrogen and syngas supporting Eastman’s growth and production in Longview, Texas. Air Liquide will invest more than 160 million U.S. dollars to modernize existing assets and build a new Air Separation Unit (ASU) and Partial Oxidation Unit (POX). With … Read more
Eastman Chemical Company announced investments in expanding its capabilities for the production of hydrogenated and non-hydrogenated hydrocarbon resins at both its Middelburg, The Netherlands, and Jefferson, Pennsylvania, manufacturing sites. Additional investments will also be made in the production of polyolefin polymers at the Longview, Texas, manufacturing site. The expansions will be completed at various times … Read more
Eastman, a global specialty chemical company, announced a breakthrough innovation to address the plastic waste problem worldwide on Wednesday. The company announced plans in March to launch an advanced circular recycling technology that breaks down polyester waste that cannot be recycled into basic polymer building blocks by current mechanical methods that can be reintroduced as … Read more
Eastman Chemical Company announced that it has acquired Sasol’s Marlotherm heat transfer fluids manufacturing assets located in Germany and related formulations, intellectual property and customer contracts. Terms of the transaction were not disclosed. The company stated that the acquisition will enable Eastman to expand its heat transfer fluids product offerings to customers around the globe. … Read more