Eastman Receives DOE Funding for Second Molecular Recycling Facility in the US

Date: April 5, 2024

Source: Eastman

The US Department of Energy (DOE) has chosen Eastman, a global specialty materials company, for award negotiations of up to $375 million in funding under the Bipartisan Infrastructure Law and Inflation Reduction Act. This funding will support Eastman's plans to construct a second U.S. molecular recycling facility in Longview, Texas, following the recent commencement of operations at its Tennessee facility. Eastman's new plant aims to significantly reduce waste in the region, promote true circularity, and set a new standard for decarbonization, furthering the company's long-standing commitment to sustainable operations in Longview. [Insert analysis/opinion here regarding the potential impact of this investment on waste management and circular economy initiatives.

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