Molecular Recycling Plant from Eastman Chemical Company Begins Operations in Tennessee

Eastman Chemical Company announced this week that its new molecular recycling facility in Kingsport, Tenn. is now up and running.

The newly operational facility breaks down plastic into molecular blocks that can be reassembled to make virgin-quality material.

“We are thankful for the hard work and dedication of our Eastman team members who have worked tirelessly to build and bring this new facility online,” Mark Costa, board chair and CEO, said in a release.

“By demonstrating molecular recycling at this scale, we have solidified our position as a leader in the creation of a circular economy. Demand for recycled material at virgin-quality levels from our new facility remains strong, and we are excited to announce this significant next milestone in our journey.”

This new milestone for Eastman will achieve around $75 million of incremental EBITDA in 2024 from the facility.

Read the full article here.