Eastman Licenses Reduced Sulfur Start-Up Technology to Hydrogen Energy International
LONG BEACH, CA, and KINGSPORT, Tenn., Aug. 21, 2008 -- Hydrogen Energy International LLC and Eastman Chemical Company today announced they have signed a definitive agreement for Eastman to license to HEI its proprietary Reduced Sulfur Start-Up Technology. This patented technology allows for the operational startup of gasification reactors using a sulfur-free fuel to mitigate a source of sulfur emission during startup events.
Jonathan Briggs, regional director of Hydrogen Energy, said he considers this a significant step for the company in North America. "This license agreement grants us access to technology which will minimize sulfur emissions during start-up of our first solid-fueled gasification facility with carbon-capture," Briggs said.
“Eastman has developed a patented process that essentially eliminates sulfur emissions during start-ups of gasification plants using coal, oil, petroleum coke or other sulfur containing feedstocks,” said Eastman’s Brenda Barnicki, vice president of business development. “This agreement leverages our proprietary technology and know-how which Eastman has obtained from 25 years of experience in coal gasification, and which has resulted in our recognition as the leader in gasification operational excellence.”
The licensing agreement is part of Hydrogen Energy’s plan to develop a commercial project in California that generates low carbon hydrogen power from an integrated gasification combined cycle (IGCC) system with carbon capture and storage. Terms of the agreements were not disclosed.
About Hydrogen Energy
Hydrogen Energy is a 50/50 joint venture between BP Alternative Energy North America Inc. and Rio Tinto Hydrogen Energy LLC established to create low carbon hydrogen from fossil fuels. The hydrogen would initially be for use in industrial scale power generation plants and the CO2 from the fossil fuel would be captured and stored in deep geological formations. Further information can be found at: www.hydrogenenergy.com
About Eastman
Eastman manufactures and markets chemicals, fibers and plastics worldwide. It provides key differentiated coatings, adhesives and specialty plastics products; is a major supplier of cellulose acetate fibers; and produces PET polymers for packaging. As a Responsible Care® company, Eastman is committed to achieving the highest standards of health, safety, environmental and security performance. Founded in 1920 and headquartered in Kingsport, Tenn., Eastman is a FORTUNE 500 company with 2007 sales of $6.8 billion and approximately 10,500 employees. For more information about Eastman and its products, visit www.eastman.com.
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Contacts:
Hydrogen Energy International:
Tiffany Rau
562-276-1510 / tiffany.rau@hydrogenenergy.com
Eastman Chemical Company:
Media: CeeGee McCord
423-229-6974/ ceegeemccord@eastman.com
Investor Relations: Greg Riddle
212-835-1620 / griddle@eastman.com