Eastman to Sell Methanol Plant in US

14 Jan 2011 • by Natalie Aster

Eastman Chemical is planning to sell a closed methanol and ammonia plant in Texas, US, to a Swiss-based firm led by entrepreneur Deo Van Wijk.

The US-based company has not disclosed the financial terms of the transaction with Pandora Methanol, a subsidiary of Janus Methanol, icis.com reports.

The plant will have a methanol capacity of 850,000t per year and an ammonia capacity of 250,000t per year.

Eastman said the sale includes related ammonia tank and methanol terminal assets and a methanol pipeline in Beaumont.

It had bought the plant in 2007 for a $1.6bn coal-gasification project, but called off the project in late 2009.

Source: chemicals-technology.com

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