Eastman Acquires Full Ownership of Beaumont Gasification Project

Eastman Chemical says it has bought out Green Rock Energy’s (New York) 50% stake in their joint venture gasification project, which is under development at Beaumont, TX. Green Rock has simultaneously acquired Eastman’s 25% stake in Faustina Hydrogen Products’ gasification project at St. James Parish, LA, Eastman says. Terms of the transactions were not disclosed. Lorraine: Different overall objectives. Eastman ended its Green Rock alliance because of “differences in strategic criteria and overall project objectives,” says Eastman...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers