Eastman Chemical Company Board Chair and CEO Mark Costa and Tennessee Governor Bill Lee today announced the company's plans to build one of the world's largest plastic-to-plastic molecular recycling facilities at its site in Kingsport, Tenn.
Through methanolysis, this world-scale facility will convert polyester waste that often ends up in landfills and waterways into durable products, creating an optimized circular economy. Over the next two years, the company will invest approximately $250 million in the facility, which will support Eastman's commitment to addressing the global waste crisis and to mitigating challenges created by climate change, while also creating value for its stakeholders.
Read the full release here.
