Eastman to Pursue Two U.S. Gasification Projects

Eastman Chemical says it will participate in two industrial gasification facilities that will be built on the U.S. Gulf Coast. The projects will use low-cost petroleum coke or coal to produce syngas that can be converted into products including ammonia, hydrogen, and methanol. Ferguson: Low-cost source of raw materials. Eastman will develop and operate a $1.6-billion gasification project in Beaumont, TX that is expected online in 2011. The company will have a 50% stake in the Beaumont project and plans to announce a financial equity investor for the project...

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