STOCK TITAN

Together, We Can Create a Truly Circular Economy / Eastman

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Eastman has announced a revolutionary molecular recycling technology aimed at addressing the planet's plastic waste crisis. By 2030, Eastman plans to recycle 50 million tons of plastic waste using their technology, which allows plastic to be reused repeatedly without degradation. The company boasts the world's largest molecular recycling plant, capable of processing hard-to-recycle plastics into high-quality materials. Eastman emphasizes the importance of partnerships and collaborations in creating a circular economy and invites other forward-thinking companies to join in their efforts to develop sustainable solutions.

Positive
  • Eastman plans to recycle 50 million tons of plastic waste by 2030.
  • The company has the world's largest molecular recycling plant.
  • Molecular recycling technology allows for the reuse of plastic without compromising quality.
  • Eastman is reducing plastic waste pollution through innovative technology.
  • Collaborations with other companies to enhance circular economy efforts.
Negative
  • None.

NORTHAMPTON, MA / ACCESSWIRE / June 21, 2024 / Eastman

For centuries, we have consumed without limits. We are now facing the consequences. Are we too late, or can we do better?

In recent years, we've noticed the huge impact the take-make-waste model has had on our planet. With tons of plastic waste trashed every year, plastic is everywhere - in our oceans, in landfills, and in incinerators.

What if plastic waste could be transformed into new materials again and again, keeping it in use without downcycling? With Eastman's new molecular recycling technology, it can.

Committed to recycling 50 million tons of plastic waste by the end of 2030, Eastman is reducing the amount of plastic waste that pollutes our planet. With the world's largest molecular recycling plant, we will use hard-to-recycle plastic to produce new plastic that can be used over and over again - without compromising its quality or strength.

We are not doing it alone.

With partnerships and collaborations with other companies that put the planet first, we are working together to make the world better.

Together, we will create a truly circular economy.

At Eastman, we're revolutionizing recycling with our molecular recycling technologies. But it's going to take all of us working together to find innovative ways to create a truly circular economy. Are you in?

Explore more sustainable solutions and connect with us at https://www.eastman.com/en/sustainability/environmental/circularity

Follow for updates on our latest innovations. LinkedIn: eastman Instagram: eastmanglobal Facebook: eastman Twitter: eastmanchemco

View additional multimedia and more ESG storytelling from Eastman on 3blmedia.com.

Contact Info:
Spokesperson: Eastman
Website: https://www.3blmedia.com/profiles/eastman
Email: info@3blmedia.com

SOURCE: Eastman



View the original press release on accesswire.com

FAQ

What is Eastman's new molecular recycling technology?

Eastman's molecular recycling technology transforms plastic waste into new materials that can be reused repeatedly without quality degradation.

How much plastic waste does Eastman aim to recycle by 2030?

Eastman aims to recycle 50 million tons of plastic waste by 2030.

What makes Eastman's recycling plant unique?

Eastman operates the world's largest molecular recycling plant, which is capable of processing hard-to-recycle plastics into high-quality materials.

How does Eastman's recycling technology impact plastic waste pollution?

Eastman's recycling technology significantly reduces plastic waste pollution by enabling the reuse of plastic without downcycling.

What is the goal of Eastman's partnerships and collaborations?

Eastman's partnerships and collaborations aim to create a truly circular economy by working together with other companies to find innovative, sustainable solutions.

Eastman Chemical Company

NYSE:EMN

EMN Rankings

EMN Latest News

EMN Stock Data

12.01B
117.60M
0.67%
90.21%
1.38%
Specialty Chemicals
Plastic Materials, Synth Resins & Nonvulcan Elastomers
Link
United States of America
KINGSPORT