TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Mar 05, 2019 23:00 JST
Source:
Eastman Chemical Company
Eastman offers innovative recycling technology for polyesters
KINGSPORT, Tenn., Mar 05, 2019 - (ACN Newswire) - Eastman (NYSE:EMN), one of the world's leading specialty materials companies, announced today its intention to pursue the launch of an innovative advanced circular recycling technology that uses polyester waste which cannot be recycled by current mechanical methods, and as a result, often ends up in landfills and waterways.
Using the process of methanolysis, Eastman's advanced circular recycling technology breaks down polyester-based products into their polymer building blocks. These building blocks can then be reintroduced to the production of new polyester-based polymers, delivering a true circular solution. Eastman was one of the pioneers in developing methanolysis technology at commercial scale and has more than three decades of expertise in this innovative recycling process. Eastman's experience with methanolysis makes it uniquely qualified to be a leader in delivering this solution at commercial scale. Advanced circular recycling technology can be an especially impactful solution, as low-quality polyester waste that would typically be diverted to landfills can instead be recycled into high-quality polyesters suitable for use in a variety of end markets, including food contact applications.
"We recognize that plastic waste is a complex problem that needs advanced solutions. As we have engaged potential partners, it is clear there is high interest across the entire value chain," said Mark Costa, Eastman's Board Chair and Chief Executive Officer. "Our long history of technical expertise in chemical processes, including methanolysis, and our leading position in copolyester chemistry, enables us to provide this innovative solution to address the growing challenges of plastic waste in our environment."
Eastman is currently executing an engineering feasibility study on the design and construction of a commercial scale methanolysis facility to meet the demands of our customers and has engaged in initial discussions with potential partners across the value chain on the development of such a facility. The goal is to be operating a full-scale, advanced circular recycling facility within 24 to 36 months.
Eastman's efforts to find new end-of-life solutions to advance the circular economy align with the company's innovation-driven growth strategy and commitment to create value through sustainability. With a strong focus on issues and opportunities within the environmental, social and governance (ESG) framework, the company has established goals and strategies to address the world's complex challenges.
"We believe we have an obligation to enhance the quality of life in a material way," said David Golden, Senior Vice President, Chief Legal & Sustainability Officer, and Corporate Secretary. "As the desire grows for products that have a sustainable life cycle, Eastman continues to build on its heritage of world-class technology platforms and product innovation to offer solutions at the molecular level. Today, more than ever, the world needs innovation, and Eastman is excited about the possibilities we can achieve by working along the value chain, across industry sectors and with community partners to expand our efforts and make the greatest collective impact."
For more information, visit eastman.com/circulareconomy.
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 14,500 people around the world and serves customers in more than 100 countries. The company had 2018 revenues of approximately $10 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.
Media contacts:
Brad Lifford
Eastman
blifford@eastman.com
+1.423.229.6543
Nicholas Lunt
Burson Cohn & Wolfe
Nicholas.Lunt@bcw-global.com
+32 2 (0)743 66 11
###
This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eastman Chemical Company via Globenewswire
Source: Eastman Chemical Company
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press Release
Eastman Announces Second-Quarter 2019 Financial Results
July 26 2019 14:00 JST
Eastman Schedules Second-Quarter 2019 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast
July 08 2019 23:00 JST
Eastman to Acquire INACSA
June 19 2019 20:30 JST
Curt Espeland to address the Deutsche Bank Global Industrials & Materials Summit
May 31 2019 07:00 JST
Forbes ranks Eastman as one of the Best Large Employers in America
May 21 2019 23:00 JST
Mark Costa to address the Goldman Sachs Industrials & Materials Conference
May 09 2019 06:00 JST
Eastman Board Declares Dividend
May 03 2019 08:00 JST
Eastman Announces 2019 Annual Meeting Stockholder Vote Results
May 03 2019 08:00 JST
Eastman Announces First-Quarter 2019 Financial Results
April 26 2019 08:00 JST
Eastman Receives Eighth Consecutive ENERGY STAR(R) Partner of the Year Award
April 10 2019 07:00 JST
More Press release >>
Latest Press Release
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
More Latest Release >>