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0 0 0 0 0.000398287364333287 0.000398287364333287 -0.00458030468983379 -0.00418201732550037
Stock impact report

Eastman (EMN) Chosen by DOE for Up to $375M Investment [Yahoo! Finance]

Eastman Chemical Company (EMN) 
Last eastman chemical company earnings: 5/1 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The Department of Energy ("DOE") has selected it as one of 33 businesses to participate in award talks to support Eastman's second molecular recycling facility in the United States. The DOE has selected Eastman's second molecular recycling project in the United States to begin award discussions for up to $375 million in Bipartisan Infrastructure Law and Inflation Reduction Act financing through the Industrial Demonstrations Program. Following the DOE announcement, Eastman announced plans to construct a second molecular recycling facility in Longview, TX. The Longview site was chosen owing to synergies with existing infrastructure and operations, advantageous energy supply and footprint, and proximity to western and central U.S. feedstock pools. The location also allows for onsite renewable energy. The investment will cover activities to prepare mixed plastic trash for processing, Eastman's next-generation molecular recycling unit to depolymerize waste and a polymer factory to prov Show less Read more
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