Eastman Chosen by US DOE to Receive $375 Million Investment

2024年04月01日15:43 来源：Eastman

Eastman selected by US Department of Energy to receive up to $375 million investment for its second US molecular recycling project.

Eastman announced significant progress towards its leadership in the circular economy. Selected by the US Department of Energy as one of 33 companies for award negotiations to support Eastman's second US molecular recycling facility, to be located in Longview, TX.

“We are excited to build our second US world-scale molecular recycling facility at our existing site in Texas,” said Mark Costa, Eastman Board chair and CEO. "We have decades of history successfully operating in Longview, and this will be a great investment for the local community.”

Eastman can transform waste plastic into virgin quality food contact polyesters with lower greenhouse gas emissions than traditional methods.

The company selected the Longview site due to synergies with existing infrastructure and operations, favorable energy supply and footprint, and access to western and central US feedstock pools. The Longview molecular recycling facility will have the capacity to recycle approximately 110,000 metric tons of hard-to-recycle plastic waste.

The investment is expected to bring more than 200 full-time, high-paying jobs to the Longview community in addition to approximately 1,000 temporary construction jobs during site development and building of the facility. Eastman has operated in the Longview community for over 70 years and currently has more than 1,500 team members at the location.

In addition to this newly announced facility in Texas, Eastman has recently completed its first molecular recycling facility in Kingsport, TN, and plans to invest in another location in France.

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