Department of Energy reinstates Eastman award to advance U.S. manufacturing leadership
EMN•The Department of Energy reinstated Eastman Chemical’s award at $375 million, less about $35 million the company received for design and engineering under a previous agreement. Eastman said it identified an opportunity to increase Kingsport methanolysis capacity about 30% through debottlenecking with modest capital investment.
1. Award reinstated
Eastman Chemical said the Department of Energy reinstated its award to advance U.S. manufacturing leadership and strengthen the domestic recycled plastics supply chain. The award is $375 million, less about $35 million the company received for design and engineering under a previous agreement. Eastman also identified an opportunity to increase Kingsport methanolysis capacity about 30% through debottlenecking with modest capital investment, and said the award gives it and the department an opportunity to advance an updated investment plan.
