Sector News

Solvay ends acetate JV with Eastman Chemical Company

May 20, 2016
Energy & Chemical Value Chain

Solvay and Eastman Chemical Company have signed a definitive agreement to end their cellulose acetate production joint venture Primester with Solvay acquiring Eastman’s 50 percent stake in the U.S.-based plant and becoming its sole owner.

“After our partnership of 25 years, this agreement allows Solvay to continue securing the most economical long term supply of cellulose acetate flake for its own tow business in Germany, Brazil and Russia, while adapting capacity to demand,” said Philippe Rosier, President of Solvay Global Business Unit Acetow.

Following the transaction, Eastman will provide the long-term supply of basic utilities and raw materials to the plant, based in Kingsport, Tennessee.

Closing should occur in the second quarter of 2016, subject to customary regulatory approvals.

Source: Solvay

comments closed

Related News

June 8, 2024

Borealis equips Belgium site with demonstration compounding line for recyclate-based polyolefins

Energy & Chemical Value Chain

Borealis has installed a semi-commercial demonstration compounding line for recyclate-based polyolefins (rPO) at its site in Beringen, Belgium. It is set for construction this year and is expected to be fully operational in the first half of 2025.

June 8, 2024

Christine Grosse Lembeck to lead BASF’s Battery Recycling business

Energy & Chemical Value Chain

Christine Grosse Lembeck has been appointed to lead BASF’s global Battery Recycling business. In her new role, she will be in charge to further grow BASF’s comprehensive solutions along the battery recycling value chain for battery producers, battery cell manufacturers and OEMs. The business is an integral part of BASF Battery Materials.

June 8, 2024

Carbios equips L’Occitane en Provence with enzymatically recycled shower oil bottle

Energy & Chemical Value Chain

L’Occitane en Provence’s Amande shower oil has been outfitted with a bottle based on transparent PET made entirely from enzymatic recycling. The launch comes in collaboration with enzymatic recycler Carbios and packaging provider Pinard Beauty Pack, aligning with the industry’s transition to a circular plastic economy.

How can we help you?

We're easy to reach