Eastman Chemical selected by U.S. DOE to receive up to $375M investment

Eastman announced significant progress towards its leadership in the circular economy: Selected by the Department of Energy, DOE, as one of 33 companies for award negotiations to support Eastman’s second U.S. molecular recycling facility; Named Longview, Texas, as the location for its facility; Finalized incentives with the State of Texas to assist with project funding. “We are excited to build our second U.S. 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’s second U.S. molecular recycling project has been selected by the Department of Energy to begin award negotiations for up to $375 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding as part of the Industrial Demonstrations Program. The DOE announcement led to Eastman announcing the intent to build a second U.S. molecular recycling facility at its location in Longview, Texas.