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

Eastman plans carboxylic acids expansion, $1-billion share buyback

1:19 PM MST | March 3, 2014 | —Rebecca Coons and Lindsay Frost

Eastman Chemical announced on 25 February that it will debottleneck carboxylic acid plants at its Longview, TX, and Kingsport, TN, facilities. The additional capacity is expected to be completed in the fourth quarter and will add approximately 50 million lbs, Eastman says. “Eastman is committed to the continued optimization of its plants that produce these acids,” says Tony Ponder, business manager/oxo chemicals for specialty fluids and intermediates at Eastman. “Our olefin crackers in Texas allow Eastman a competitive position in carboxylic...

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