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August 11, 2005
By: KERRY PIANOFORTE
Eastman’s JV plant in china begins operations Eastman Chemical Ltd. and Qilu Petrochemical Company have begun operations at its joint venture plant, Qilu Eastman Specialty Chemical Ltd. (QESCL), in Zibo, Shandong Province, China. QESCL produces Texanol ester alcohol, a coalescing aid used in premium architectural paint, and TXIB plasticizer for vinyl, urethanes and other polymers. The investment is Eastman’s second major project in China in the specialty chemicals market. In 1998, it established Nanjing Yangtzi Eastman Chemical Ltd., a JV with Yangtzi Petrochemical Industrial Corp. to manufacture Eastotac hydrocarbon tackifying resins for adhesives.
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