Eastman Selected for $375 Million DOE Funding, Announces Second Molecular Recycling Facility in U.S.

The US Department of Energy (DOE) has selected Eastman, the global specialty materials company, for award negotiations of up to $375 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding.

This funding has led Eastman to announce its plans to build a second U.S. molecular recycling facility in Longview, Texas. Eastman was one of 33 companies selected by the DOE for award negotiations.

“We are excited to build our second U.S. world-scale molecular recycling facility at our existing site in Texas,” said Mark Costa, Board Chair and CEO, Eastman. “The plant will remove significant waste from the region, enable true circularity and set a new benchmark for decarbonization. We have decades of history successfully operating in Longview, and this will be a great investment for the local community.”

This news follows a previous milestone for Eastman as its Tennessee molecular recycling facility just began operations recently.

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