Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain
Key Highlights
- ➤DOE reinstates $375 million Eastman award, less approximately $35 million previously received
- ➤Kingsport methanolysis facility output targeted to increase approximately 30%
- ➤Eastman expects up to $100 million incremental 2026 revenue versus 2025
- ➤Eastman expects more than $100 million additional incremental revenue growth in 2027
- ➤Updated plan includes restarting underutilized U.S. recycling assets and potential second facility
Expert Statements
Audrey Robertson, Assistant Secretary of Energy
“The Department of Energy is proud to support this strategic investment in American ingenuity, industrial competitiveness, and the future of U.S. manufacturing”
Audrey Robertson, Assistant Secretary of Energy
“By expanding its proven, American-made recycling technology and putting underutilized assets back to work, Eastman is demonstrating how innovation can strengthen domestic manufacturing, revitalize existing industrial infrastructure, and build more resilient supply chains.”
Audrey Robertson, Assistant Secretary of Energy
“DOE will continue to collaborate with private industry to make U.S. manufacturing the strongest in the world and grow jobs and economic prosperity.”
Mark Costa, Eastman board chair and chief executive officer
“This partnership represents an opportunity to strengthen American manufacturing by building a more resilient domestic supply chain for recycled materials”
Mark Costa, Eastman board chair and chief executive officer
“Eastman is demonstrating that methanolysis technology can transform difficult-to-recycle polyester waste into virgin-quality materials at a commercial scale. With DOE’s support, we can accelerate the expansion of this technology, restoring the productive use of existing American industrial assets in a disciplined way that aligns with customer demand.”
Mark Costa, Eastman board chair and chief executive officer
“For our customers, this creates an opportunity to act now”
Mark Costa, Eastman board chair and chief executive officer
“By partnering with Eastman, they can secure reliable domestic sources of high-quality recycled content while helping build responsible recycling end markets that convert more hard-to-recycle waste into valuable materials. Customer commitments are what will translate this proven technology into a stronger, more resilient U.S. circular economy.”
Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain
Eastman (NYSE: EMN) today announced the reinstatement of a previous U.S. Department of Energy (DOE) award supporting the reindustrialization of a strategically important domestic recycled-plastics supply chain. The award provides an opportunity for Eastman and DOE to advance an updated investment plan that expands proven, U.S.-developed methanolysis technology, restores underutilized American recycling assets and increases domestic capacity to transform difficult-to-recycle polyester waste into virgin-quality recycled materials.
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