Eastman announced it has achieved on-spec initial production and is generating revenue from its new molecular recycling facility in Kingsport, Tennessee. The company expects to ramp up production of the new facility over the coming months and enable growth across a wide range of markets. Achieving this critical milestone enables the company?s pathway to deliver approximately $75 million of incremental EBITDA in 2024 from this facility as it builds momentum in its circular economy platform.

Eastman?s proven polyester renewal technology recycles hard-to-recycle plastic waste bound for landfill or incineration. The company?s technology allows this waste to be broken down into its molecular building blocks and then reassembled to become virgin-quality material without compromising performance. Eastman is enabling the potentially infinite use of materials by keeping these valuable molecules in production, in a material-to-material high-yield loop.

Eastman can transform waste plastic into virgin quality food contact polyesters with lower greenhouse gas emissions than traditional methods. In addition to this recently completed facility in Kingsport, Eastman plans to invest in two additional molecular recycling plants, one in France and another U.S. site.