Cost Reduction Achievements
Eastman achieved $75 million in cost reductions this year and plans to achieve an additional $100 million next year, exceeding its original targets.
Innovative Progress at Kingsport
Eastman reported hitting 90% yields at its Kingsport plant for the circular polyester methanolysis process, with plans for a 30% expansion with modest capital investment.
Restructuring of Pepsi Contract
Eastman successfully restructured its contract with Pepsi to start volume next year, demonstrating strong demand for rPET.
AI Deployment in Operations
Eastman is integrating AI into its operations to enhance commercial and manufacturing efficiencies, which is expected to reduce costs and improve innovation speed.