Eastman to Sell Shuttered Methanol and Ammonia Plant at Beaumont, TX

Eastman Chemical says it has agreed to sell a shuttered methanol and ammonia plant at Beaumont, TX to Pandora Methanol (Basel, Switzerland) for an undisclosed sum. The sale includes related ammonia tank and methanol terminal assets and a methanol pipeline at Beaumont, Eastman says. The deal is expected to close in the first quarter of 2011. Transaction details were not disclosed.   Pandora Methanol is a subsidiary of Janus Methanol (Basel), a newly formed project development company led by former Methanex executive Deo van Wijk. Janus currently is studying...

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