Eastman Develops New MEG Technology
(Thomson Reuters ONE) -
FOR IMMEDIATE RELEASE
New Ethylene Glycol Process Created with JM Davy
KINGSPORT, Tenn., October 22, 2013 - Eastman Chemical Company (NYSE:EMN), in
conjunction with Johnson Matthey Davy Technologies Limited (JM Davy), has
developed advanced proprietary technology for the production of ethylene glycol
from synthesis gas-based feed stocks.
Ethylene glycol, commonly referred to as mono ethylene glycol (MEG), is a key
industrial chemical and is also a building block in the production of polyesters
for fiber and packaging applications. This new technology enables the production
of MEG from a variety of raw materials, including coal, natural gas, or biomass
and is based on new, proprietary catalysts and process design developed by
Eastman and JM Davy. Unlike other recent syngas based processes, this new
technology does not go through oxalate intermediates. Extensive pilot plant
demonstration of the new process is nearing completion and dialogue is underway
for the first demonstration.
"This world-class technology is well positioned to enable global growth for
ethylene glycol, a key industrial product," said Dr. Gregory W. Nelson,
Eastman's senior vice president and chief technology officer. "The combined
expertise of Eastman and JM Davy in synthesis gas chemistry enabled our best
process and catalyst scientists to create a superior technology and bring it to
market for licensing."
"This state of the art technology complements JM Davy's portfolio of licensed
technologies including syngas and methanol technologies and provides a unique
opportunity for customers to enter the MEG market", said Antoine Bordet,
managing director of JM Davy.
Eastman is a global specialty chemical company that produces a broad range of
products found in items people use every day. With a portfolio of specialty
businesses, Eastman works with customers to deliver innovative products and
solutions while maintaining a commitment to safety and sustainability. Its
market-driven approaches take advantage of world-class technology platforms and
leading positions in attractive end-markets such as transportation, building and
construction and consumables. Eastman focuses on creating consistent, superior
value for all stakeholders. As a globally diverse company, Eastman serves
customers in approximately 100 countries and had 2012 pro forma combined
revenues, giving effect to the Solutia acquisition, of approximately $9.1
billion. The company is headquartered in Kingsport, Tennessee, USA and employs
approximately 14,000 people around the world.
For more information, visit www.eastman.com.
About JM Davy
Johnson Matthey Davy Technologies Limited (JM Davy) is a global business in
petrochemicals technology development and technology licensing. The company has
its headquarters in London and has a Technology Centre in Teesside, United
Kingdom. It licenses a range of proprietary process technologies such as
Methanol, Syngas, Fischer Tropsch, SNG, Butanediol, Detergent Alcohols, Oxo
Alcohols, PTA, Industrial Amines, Ethyl Acetate, Biodiesel and Propylene Glycol.
More information about JM Davy can be found at www.davyprotech.com.
# # #
Contacts:
Media: Brad Belote
(423)229-8801/ jbelote(at)eastman.com
Investors: Greg Riddle
(212)835-1620 / griddle(at)eastman.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Eastman Chemical Company via Thomson Reuters ONE
[HUG#1737315]
Unternehmensinformation / Kurzprofil:
Datum: 22.10.2013 - 15:00 Uhr
Sprache: Deutsch
News-ID 308136
Anzahl Zeichen: 4339
contact information:
Town:
Kingsport
Kategorie:
Business News
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"Eastman Develops New MEG Technology"
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