Eastman Highlights Circular Economy Growth and Innovation at Circular Economy Deep Dive Event
Eastman Chemical Company (NYSE:EMN) hosted its 2024 Circular Economy Deep Dive event, highlighting its innovation-driven growth strategy and circular economy initiatives. The company projects EBITDA of over $2.1 billion and approximately $1.6 billion cash from operations in a normalized market environment, with an additional EBITDA of >$500 million by 2029 through circular initiatives.
The circular initiatives include $350 million EBITDA from Kingsport and Longview methanolysis projects, and $150-200 million EBITDA from cellulosic biopolymer platform. For 2025, capital expenditures are expected to be $800 million, increasing to $800 million-$1 billion in 2026-2027. The company anticipates an incremental $75-100 million EBITDA contribution in 2025 from the Kingsport facility.
Eastman Chemical Company (NYSE:EMN) ha organizzato il suo evento 2024 sul Circular Economy Deep Dive, evidenziando la sua strategia di crescita guidata dall'innovazione e le iniziative sull'economia circolare. L'azienda prevede un EBITDA superiore a $2.1 miliardi e circa $1.6 miliardi di flusso di cassa operativo in un contesto di mercato normalizzato, con un ulteriore EBITDA di oltre $500 milioni entro il 2029 grazie alle iniziative circolari.
Le iniziative circolari includono un EBITDA di $350 milioni dai progetti di metanolisi di Kingsport e Longview, e un EBITDA di $150-200 milioni dalla piattaforma di biopolimeri cellulosici. Per il 2025, si prevede che le spese in conto capitale saranno $800 milioni, aumentando a $800 milioni-$1 miliardo nel 2026-2027. L'azienda si aspetta un contributo incrementale di $75-100 milioni di EBITDA nel 2025 dalla struttura di Kingsport.
Eastman Chemical Company (NYSE:EMN) organizó su evento 2024 de Circular Economy Deep Dive, destacando su estrategia de crecimiento impulsada por la innovación y las iniciativas de economía circular. La empresa prevé un EBITDA superior a $2.1 mil millones y aproximadamente $1.6 mil millones en efectivo de operaciones en un entorno de mercado normalizado, con un EBITDA adicional de más de $500 millones para 2029 a través de iniciativas circulares.
Las iniciativas circulares incluyen $350 millones en EBITDA de los proyectos de metanolisis de Kingsport y Longview, y $150-200 millones en EBITDA de la plataforma de biopolímeros celulósicos. Para 2025, se espera que los gastos de capital sean $800 millones, aumentando a $800 millones-$1 mil millones en 2026-2027. La empresa anticipa una contribución incremental de $75-100 millones en EBITDA en 2025 de la instalación de Kingsport.
이스트먼 화학 회사 (NYSE:EMN)는 2024년 순환 경제 심층 세미나를 개최하여 혁신 주도의 성장 전략과 순환 경제 이니셔티브를 강조했습니다. 이 회사는 정상적인 시장 환경에서 21억 달러 이상의 EBITDA와 약 16억 달러의 운영 현금 흐름을 예상하며, 순환 이니셔티브를 통해 2029년까지 5억 달러 이상의 EBITDA를 추가로 예상하고 있습니다.
순환 이니셔티브에는 킹스포트 및 롱뷰 메타놀이 프로젝트로부터의 3억 5천만 달러의 EBITDA와 셀룰로오스 바이오폴리머 플랫폼으로부터의 1억 5천만~2억 달러의 EBITDA가 포함됩니다. 2025년에는 자본 지출이 8억 달러로 예상되며, 2026-2027년에는 8억 달러~10억 달러로 증가할 것입니다. 이 회사는 2025년 킹스포트 시설에서 7,500만~1억 달러의 EBITDA 기여를 예상하고 있습니다.
Eastman Chemical Company (NYSE:EMN) a organisé son événement 2024 sur l'économie circulaire, mettant en évidence sa stratégie de croissance axée sur l'innovation et ses initiatives d'économie circulaire. L'entreprise prévoit un EBITDA de plus de 2,1 milliards de dollars et environ 1,6 milliard de dollars de flux de trésorerie d'exploitation dans un environnement de marché normalisé, avec un EBITDA supplémentaire de plus de 500 millions de dollars d'ici 2029 grâce aux initiatives circulaires.
Les initiatives circulaires comprennent un EBITDA de 350 millions de dollars provenant des projets de méthanolysis de Kingsport et Longview, ainsi qu'un EBITDA de 150-200 millions de dollars provenant de la plateforme de biopolymères cellulosiques. Pour 2025, les dépenses d'investissement devraient s'élever à 800 millions de dollars, augmentant à 800 millions à 1 milliard de dollars en 2026-2027. L'entreprise prévoit une contribution additionnelle de 75-100 millions de dollars d'EBITDA en 2025 de l'installation de Kingsport.
Eastman Chemical Company (NYSE:EMN) hat seine Veranstaltung 2024 zur Tiefenanalyse der Kreislaufwirtschaft ausgerichtet, bei der die innovationsgetriebene Wachstumsstrategie und die Initiativen zur Kreislaufwirtschaft hervorgehoben wurden. Das Unternehmen rechnet mit einem EBITDA von über 2,1 Milliarden Dollar und einem ungefähren Cashflow aus der Betriebsführung von 1,6 Milliarden Dollar in einem normalisierten Marktumfeld, mit einem zusätzlichen EBITDA von über 500 Millionen Dollar bis 2029 durch kreislaufwirtschaftliche Initiativen.
Zu den kreislaufwirtschaftlichen Initiativen gehören ein EBITDA von 350 Millionen Dollar aus den Methanolitätsprojekten in Kingsport und Longview sowie ein EBITDA von 150-200 Millionen Dollar aus der Plattform für zellulosische Biopolymere. Für 2025 werden Investitionsausgaben von 800 Millionen Dollar erwartet, die 2026-2027 auf 800 Millionen bis 1 Milliarde Dollar steigen werden. Das Unternehmen rechnet mit einem zusätzlichen EBITDA-Beitrag von 75-100 Millionen Dollar im Jahr 2025 von der Anlage in Kingsport.
- Projected EBITDA of over $2.1 billion in normalized market conditions
- Additional EBITDA of >$500 million expected by 2029 from circular initiatives
- Anticipated $75-100 million incremental EBITDA contribution in 2025 from Kingsport facility
- Strong cash flow projection of $1.6 billion from operations
- High capital expenditure requirements of $800M-$1B annually through 2027
- Current macroeconomic weakness affecting performance
Insights
Eastman's circular economy strategy presents a compelling growth narrative with concrete financial projections. The company targets
The significant capital expenditure guidance of
The methanolysis and cellulosic biopolymer initiatives represent significant technological advances in chemical recycling and sustainable materials. The projected
This technology-driven approach positions Eastman advantageously as regulations and consumer preferences increasingly favor sustainable solutions. The substantial capital investment signals confidence in the scalability and market adoption of these circular technologies.
KINGSPORT, TN / ACCESSWIRE / December 6, 2024 / Eastman Chemical Company (NYSE:EMN) hosted investors and analysts at its headquarters in Kingsport for its 2024 Circular Economy Deep Dive. During the event, attendees toured Eastman's methanolysis operations and learned more about the company's innovative and sustainable materials. Following the tour, executives provided an update on Eastman's innovation-driven growth strategy, including financial projections for its circular economy initiatives.
Eastman's Board Chair and Chief Executive Officer Mark Costa kicked off the event by reiterating the company's unwavering commitment to its innovation-driven growth model. "Our key strategic themes remain unchanged since 2021," said Costa. "We have remained committed to investing in our innovation-driven growth strategy, including our circular economy platforms, despite prolonged economic weakness. Our investments have resulted in strong financial performance relative to our peers. We continue to make great progress on our circular initiatives and have confidence that this new vector of growth will create value for years to come."
Eastman is leveraged to a macroeconomic recovery and expects to generate significant EBITDA growth through its circular economy initiatives. The company projects that it will generate:
greater than
$2.1 billion of EBITDA and approximately$1.6 billion of cash from operations in a normalized macroeconomic environment before the benefit of circular investments, andadditional EBITDA of >
$500 million by 2029 through its circular initiatives:>
$350 million of EBITDA from Kingsport, Tenn., and Longview, Texas, methanolysis projects, and$150 million -$200 million of EBITDA from its cellulosic biopolymer platform
The company also said it expects to generate an incremental
To achieve these circular platform EBITDA targets, the company expects to continue to invest in organic growth for the next several years. Capital expenditures in 2025 are expected to be approximately
Executive Vice President and Chief Financial Officer Willie McLain stated, "The company is in a solid financial position. Our base businesses are strong and leveraged to an economic recovery. Our circular economy initiatives add to that strength, making Eastman an attractive growth opportunity not just for today, but for the foreseeable future."
The projected Earnings Before Interest, Taxes, Depreciation, and Amortization ("EBITDA") exclude any non-core, unusual, or nonrecurring items. Our financial results forecasts do not include non-core items (such as mark-to-market pension and other postretirement benefit gain or loss, and asset impairments and restructuring charges) or any unusual or non-recurring items because we are unable to predict with reasonable certainty the financial impact of such items. These items are uncertain and depend on various factors, and we are unable to reconcile projected EBITDA excluding non-core and any unusual or non-recurring items to reported GAAP net earnings without unreasonable efforts.
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's 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 and diverse company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2023 revenue of approximately
Forward-Looking Statements
This information 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, cost reductions, expenses, taxes, liquidity, capital expenditures, cash flow, dividends, share repurchases or other financial items, statements of management's 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 company's filings with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at www.sec.gov and the company's website at www.eastman.com.
Media contact
Tracy Kilgore Addington
1-423-224-0498
tracy@eastman.com
Investors contact
Greg Riddle
1-212-835-1620
griddle@eastman.com
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SOURCE: Eastman
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