Eastman Announces Joint Venture with Sinopec Yangzi Petrochemical Company Limited

02-08-2012: 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 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 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.