Eastman and Essar Plan Indian Oxos Project...

Eastman Chemical and Essar Chemicals (Vadinar, India), a subsidiary of Essar Group, say they have signed a memorandum of understanding for a 150,000-m.t./year oxo aldehyde and oxo derivatives plant at Vadinar, India. Financial terms were not disclosed. “We have the oxo and oxo derivatives technologies, and Essar has refinery products upstream of oxo processes at a significantly advantaged cost,” says Robert Preston, v.p. and managing director/Asia Pacific region at Eastman. “The combination will ensure that the investment secures the margins we...

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