ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
Eastman Chemical is acquiring the 50% stake in a $1.6 billion gasification project proposed for Beaumont, Texas, from its partner Green Rock Energy, a company formed by Goldman Sachs and the venture capital firm D. E. Shaw. The purchase makes Eastman the sole owner and developer of the project, which will gasify petroleum coke to make hydrogen, methanol, and ammonia. At the same time, Eastman is selling its 25% stake in a similar project in St. James Parish, La., to Green Rock. Eastman says the Texas project offers more product diversity than the Louisiana one, which is intended more for fertilizers.
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on Twitter