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Chemical Week Magazine :: Business & Finance :: United States/Americas

Eastman Acquires Full Ownership of Beaumont Gasification Project

2:05 PM MDT | June 16, 2008 | Nancy Seewald

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...

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