Eastman begins on-spec production of Kingsport molecular recycling facility

Eastman has achieved on-spec production to specifications and is generating revenue from its new molecule recycling facility in Kingsport, Tennessee.

The company expects to ramp up production at the new facility and achieve growth across a broad range of markets in the coming months. Achieving this important milestone positions the company to achieve approximately $75 million in incremental EBITDA from the facility in 2024 while building momentum within its circular economy platform.

"We are grateful for the hard work and dedication of our Eastman team members who have worked tirelessly to build and bring this new facility online," said Mark Costa, Chairman of the Board and Chief Executive Officer.

In addition to the recently completed facility in Kingsport, Eastman plans to invest in two additional molecular recycling plants, one in France and the other in the United States.

Eastman’s proven polyester recycling technology recycles today’s difficult-to-recycle plastic waste that would otherwise end up in landfills or incineration.