Eastman Announces JV with Sinopec Yangzi Petrochemical to Build World Scale Hydrogenated Hydrocarbon Resin Plant
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.
Regalite™ hydrogenated hydrocarbon resins水素化炭化水素樹脂 are made from mixed aromatic/aliphatic resins which are subsequently selectively hydrogenated to produce a wide range of materials with low color, high stability and broad compatibility.
Applications: Nonwovens, hot melt adhesives, sealants, coatings, plastics modification, pressure sensitive adhesives, cosmetics
“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.