Department of Energy Reinstates Eastman Award to Advance U.S. Manufacturing Leadership and Strengthen the Domestic Recycled Plastics Supply Chain
The Department of Energy reinstated a $375 million award to Eastman supporting its domestic recycled-plastics strategy, less about $35 million already received for design and engineering under the prior agreement. The updated scope includes debottlenecking the Kingsport, Tennessee methanolysis facility to lift capacity roughly 30%, restarting underutilized U.S. recycling assets, and milestone-based planning for a potential second U.S. methanolysis facility.
Key figures
- Deal Value Usd
- 375000000
- Prior funding received
- $35 million
- Incremental revenue 2026
- up to $100 million
- Incremental revenue 2027
- more than $100 million
- Kingsport capacity uplift
- approximately 30%
AI analysis
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