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 discontinuing its industrial gasification project in Beaumont, Texas. The company cites factors including high capital costs, the reduced spread between natural gas and oil or petroleum coke prices, and uncertainty regarding U.S. energy policy. The $1.6 billion project, announced in July 2007, was going to gasify petroleum coke to make ammonia and methanol. Eastman would then convert methanol into propylene and ethylene oxide. The firm will take a pretax asset impairment charge of between $150 million and $180 million in the fourth quarter.
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on Twitter