{"id":1015461,"date":"2026-10-29T19:23:24","date_gmt":"2026-10-29T23:23:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/"},"modified":"2026-10-29T19:23:24","modified_gmt":"2026-10-29T23:23:24","slug":"department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/","title":{"rendered":"Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain<\/b><\/p>\n<p>KINGSPORT, Tenn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEastman (NYSE: EMN) today announced the reinstatement of a previous U.S. Department of Energy (DOE) award supporting the reindustrialization of a strategically important domestic recycled-plastics supply chain. The award provides an opportunity for Eastman and DOE to advance an updated investment plan that expands proven, U.S.-developed methanolysis technology, restores underutilized American recycling assets and increases domestic capacity to transform difficult-to-recycle polyester waste into virgin-quality recycled materials.<\/p>\n<p>\nThe reinstated award is $375 million, less approximately $35 million Eastman has received related to investment in design and engineering under the previous agreement. Investments will advance in a disciplined, milestone-based manner aligned with customer contracts and supportive policy. The project scope has been adapted with key investment benefits, including:<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Expanding proven U.S. advanced manufacturing technology <\/b>by increasing output from Eastman\u2019s commercial-scale methanolysis facility in Kingsport, Tennessee, by approximately 30% through debottlenecking and technology advancements\n<\/li>\n<li><b>Reindustrializing existing American recycling assets and strengthening the critical recycled PET supply chain <\/b>by restarting and repurposing underutilized U.S. recycling infrastructure\n<\/li>\n<li><b>Creating a disciplined pathway for our second U.S. methanolysis facility, <\/b>including flexibility in the location and timing of a potential second U.S. methanolysis facility\n<\/li>\n<\/ul>\n<p>\nThe reinstated award will support an integrated U.S. manufacturing strategy spanning waste processing, advanced recycling, and production of virgin-quality recycled materials. The updated scope includes the debottlenecking of Eastman\u2019s Kingsport methanolysis facility, the restart and repurposing of underutilized U.S. recycling assets, and milestone-based planning for a potential second U.S. methanolysis facility. Together, these investments are intended to strengthen domestic infrastructure for collecting and processing difficult-to-recycle polyester waste and converting it into valuable raw materials for American manufacturing.<\/p>\n<p>\n\u201cThe Department of Energy is proud to support this strategic investment in American ingenuity, industrial competitiveness, and the future of U.S. manufacturing,\u201d said Assistant Secretary of Energy Audrey Robertson. \u201cBy expanding its proven, American-made recycling technology and putting underutilized assets back to work, Eastman is demonstrating how innovation can strengthen domestic manufacturing, revitalize existing industrial infrastructure, and build more resilient supply chains. DOE will continue to collaborate with private industry to make U.S. manufacturing the strongest in the world and grow jobs and economic prosperity.\u201d<\/p>\n<p>\n\u201cThis partnership represents an opportunity to strengthen American manufacturing by building a more resilient domestic supply chain for recycled materials,\u201d said Mark Costa, Eastman board chair and chief executive officer. \u201cEastman is demonstrating that methanolysis technology can transform difficult-to-recycle polyester waste into virgin-quality materials at a commercial scale. With DOE\u2019s support, we can accelerate the expansion of this technology, restoring the productive use of existing American industrial assets in a disciplined way that aligns with customer demand.\u201d<\/p>\n<p>\nThe reinstated award builds on the success of Eastman\u2019s U.S.-developed methanolysis technology and the performance of its first commercial-scale facility, located in Kingsport. As previously shared, the company expects up to $100 million of incremental revenue growth in 2026 compared with 2025 from the Kingsport facility and more than $100 million of incremental revenue growth again in 2027. Eastman has also identified an opportunity to increase Kingsport methanolysis capacity by approximately 30% through debottlenecking with modest capital investment that will now be included in the updated scope of the DOE funding.<\/p>\n<p>\n\u201cFor our customers, this creates an opportunity to act now,\u201d Costa said. \u201cBy partnering with Eastman, they can secure reliable domestic sources of high-quality recycled content while helping build responsible recycling end markets that convert more hard-to-recycle waste into valuable materials. Customer commitments are what will translate this proven technology into a stronger, more resilient U.S. circular economy.\u201d<\/p>\n<p>\nEastman\u2019s proven recycling technology gives hard-to-recycle plastic waste that would otherwise be landfilled or incinerated a new life. The process breaks down plastic waste that cannot be efficiently mechanically recycled, such as colored and opaque polyesters, pots, tubs and trays, to its molecular building blocks and reassembles them into virgin-quality materials without compromising performance. By keeping valuable molecules in production through a high-yield material-to-material loop, Eastman transforms waste plastic into virgin-quality, food-contact polyesters with lower greenhouse gas emissions than traditional production methods.<\/p>\n<p><b>Forward Looking Statements<br \/>\n<br \/><\/b>The information in this release and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, volumes, pricing, margins, sales, cost reductions, expenses, taxes, liquidity, capital expenditures, cash flow, dividends, share repurchases or other financial items, supply and demand, capacity and utilization, growth opportunities, statements of management\u2019s plans, strategies and objectives for future operations, and statements regarding future economic, industry or market conditions or performance. Such projections and estimates are based upon certain preliminary information, internal estimates, and management assumptions, expectations, and plans. Forward-looking statements are subject to a number of risks and uncertainties, and actual performance or results could differ materially from that anticipated by any forward-looking statements. Forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise any forward-looking statement. Other important assumptions and factors that could cause actual results to differ materially from those in the forward-looking statements are detailed in the sections entitled \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d in the company\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and as updated in the company\u2019s filings with the Securities and Exchange Commission (the \u201cSEC\u201d), which are accessible on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54631578&amp;newsitemid=20261029835607&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=c4149866ff6d08efcb9ce48ffcb18e49\">www.sec.gov<\/a> and the company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.eastman.com&amp;esheet=54631578&amp;newsitemid=20261029835607&amp;lan=en-US&amp;anchor=www.eastman.com&amp;index=2&amp;md5=690fee914347d4be939207bc998a0f33\">www.eastman.com<\/a>.<\/p>\n<p><b>About Eastman<br \/>\n<br \/><\/b>Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company\u2019s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive company, Eastman employs approximately 13,000 people around the world and serves customers in more than 100 countries. The company had 2025 revenue of approximately $8.8 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.eastman.com%2Fen&amp;esheet=54631578&amp;newsitemid=20261029835607&amp;lan=en-US&amp;anchor=www.eastman.com&amp;index=3&amp;md5=ccae57e32fa5f5303fb910c0aca81114\">www.eastman.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261029835607r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261029835607\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261029835607\/en\/<\/a><\/span><\/p>\n<p>\nInvestors | Greg Riddle<br \/>\n<br \/>1.212.835.1620 | <a rel=\"nofollow\" href=\"mailto:griddle@eastman.com\">griddle@eastman.com<\/a><\/p>\n<p>\nMedia | Kristin Parker<br \/>\n<br \/>1.423.343.6897 | <a rel=\"nofollow\" href=\"mailto:kristin@eastman.com\">kristin@eastman.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Tennessee United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Sustainability Recycling Environmental Health White House\/Federal Government Environment Other Manufacturing Packaging Chemicals\/Plastics Transport Manufacturing Logistics\/Supply Chain Management Public Policy\/Government<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261029835607\/en\/1808465\/3\/Eastman_Black_300dpi.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain KINGSPORT, Tenn.&#8211;(BUSINESS WIRE)&#8211; Eastman (NYSE: EMN) today announced the reinstatement of a previous U.S. Department of Energy (DOE) award supporting the reindustrialization of a strategically important domestic recycled-plastics supply chain. The award provides an opportunity for Eastman and DOE to advance an updated investment plan that expands proven, U.S.-developed methanolysis technology, restores underutilized American recycling assets and increases domestic capacity to transform difficult-to-recycle polyester waste into virgin-quality recycled materials. The reinstated award is $375 million, less approximately $35 million Eastman has received related to investment in design and engineering under the previous agreement. Investments will advance in a disciplined, milestone-based manner &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1015461","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain KINGSPORT, Tenn.&#8211;(BUSINESS WIRE)&#8211; Eastman (NYSE: EMN) today announced the reinstatement of a previous U.S. Department of Energy (DOE) award supporting the reindustrialization of a strategically important domestic recycled-plastics supply chain. The award provides an opportunity for Eastman and DOE to advance an updated investment plan that expands proven, U.S.-developed methanolysis technology, restores underutilized American recycling assets and increases domestic capacity to transform difficult-to-recycle polyester waste into virgin-quality recycled materials. The reinstated award is $375 million, less approximately $35 million Eastman has received related to investment in design and engineering under the previous agreement. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/","og_locale":"en_US","og_type":"article","og_title":"Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain - Market Newsdesk","og_description":"Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain KINGSPORT, Tenn.&#8211;(BUSINESS WIRE)&#8211; Eastman (NYSE: EMN) today announced the reinstatement of a previous U.S. Department of Energy (DOE) award supporting the reindustrialization of a strategically important domestic recycled-plastics supply chain. The award provides an opportunity for Eastman and DOE to advance an updated investment plan that expands proven, U.S.-developed methanolysis technology, restores underutilized American recycling assets and increases domestic capacity to transform difficult-to-recycle polyester waste into virgin-quality recycled materials. The reinstated award is $375 million, less approximately $35 million Eastman has received related to investment in design and engineering under the previous agreement. Investments will advance in a disciplined, milestone-based manner &hellip; Continue reading \"Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/","og_site_name":"Market Newsdesk","article_published_time":"2026-10-29T23:23:24+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261029835607r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain","datePublished":"2026-10-29T23:23:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/"},"wordCount":1153,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261029835607r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/department-of-energy-reinstates-eastman-award-to-advance-u-s-manufacturing-leadership-and-strengthen-the-domestic-recycled-plastics-supply-chain\/","name":"Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain - 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