Abstract
BUSINESS Business Roundup ShareShare onFacebookTwitterWechatLinked InRedditEmail C&EN, 2021, 99 (45), p 21December 20, 2021Cite this:C&EN 99, 45, 21AbstractEastman Chemical is considering building additional plants in the US and Europe that use its methanolysis process to break down polyethylene terephthalate into dimethyl terephthalate and ethylene glycol. The firm expects the first large plant to open in Kingsport, Tennessee, by the end of 2022 and to cost $250 million. Ascensus Specialties has acquired the fine chemical maker Wychem. The deal expands US-based Ascensus’s reach into the UK and Europe and adds new chemistry types to its offerings in starting materials and intermediates for drug manufacturing. Bridgestone will sell its chemical business, which has annual sales approaching $500 million, to the Japanese investment firm Endeavour United. Bridgestone is unloading the unit to focus on its core tire operations. Cabot and International Flavors & Fragrances will work to develop biobased rubber additives that will be marketed by Cabot. The firms plan to blend a sugar beet–derived polysaccharide from IFF and reinforcingView: PDF | Full Text HTML
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