Eastman announces JV to build hydrogenated hydrocarbon resin plant
KINGSPORT, Tenn. — Eastman Chemical Co. announced this week a joint venture with Sinopec Yangzi Petrochemical Co. Ltd. to build a hydrogenated hydrocarbon resin plant in Nanjing, China.
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%, making Eastman the largest global supplier of hydrogenated hydrocarbon resins, according to a press release.
"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."