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Nanjing Yangzi Eastman Chemical Ltd. (hereinafter
referred to as "YEC") is a petrochemical enterprise jointly
established by Nanjing Yangzi Petrochemical Industry Corporation
and American Eastman Chemical Co., Ltd. (hereinafter referred to
as "Eastman"). It has a registered capital of 13.5 million
USD with an investment of 39.98 million USD. It mainly produces
and sales products associated with C5 petrochemical resin. YEC was
established on November 16th ,1998 and registered in Nanjing Hi-tech
Industry Development Zone.
As a major project determined at Nanjing
Golden Autumn Talks' 98, the construction of project was organized
completely with the international practice in the operation mode,
and commenced on June 28th, 1999. The construction for this world-level
scale project of high-grade C5 hydrogenated petroleum resin plant
with an annual capacity of 18,000 ton was completed on Oct. 30th,
2000. It was then commissioned with feedstock and turned out qualified
products on December 20th, 2000.
Taking advantages of the abundant feedstock
resources and the perfect auxiliary facilities of utilities available
in Yangzi Petrochemical Corporation (hereinafter referred to as
"YPC"), importing from Eastman the proprietary production
process which meets the environmental protection requirements made
by both the American and Chinese governments and aimed at "becoming
a forerunner of the most excellent and valuable products and services",
YEC supplies a series of fine-quality hydrogenated petroleum resin
products for the markets at home and abroad, and the professional,
technical supports and services as well.
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