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Stock impact report

Eastman's (EMN) Molecular Recycling Plant Begins Production [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 company aims to ramp up production at the plant in the coming months, enabling growth in a variety of industries. Achieving this crucial milestone puts the company on track to generate about $75 million in incremental EBITDA from this facility by 2024. Eastman's position as a leader in the construction of a circular economy has been strengthened by its demonstration of molecular recycling on this scale. Demand for recycled material of virgin quality from its new factory remains robust. Eastman's proven polyester renewal process recycles difficult-to-recycle plastic trash that would otherwise end up in a landfill or cremation. The company's method breaks down this trash into molecular building components, which are then reassembled to produce virgin-quality material without sacrificing performance. Eastman enables the theoretically limitless usage of resources by maintaining these valuable molecules in production in a material-to-material high-yield loop. It can convert was Show less Read more
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