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The project follows a pilot system that Eastman has actually been managing for about a year to interrupt down PET using glycolysis. Eastman ideas to use the output from the plants to make specialty polyesters.
The fuel additives and specialty chemical company made a $1.three billion bid to the British specialty chemical maker Elementis in April and was rebuffed. Innospec said a combination would have unlocked "considerable anticipated synergies" but walked away as an alternative to sweeten the present.
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The normally conservative surfactant maker is on the shopping spree. In February, Stepan bought Invista's aromatic polyester polyol business, adding $a hundred million in yearly sales to its routines from the polyurethane Uncooked material.
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