The new facility will have the capacity to recycle approximately 110,000 metric tons annually. | Mr_Mrs_Marcha/Shutterstock
Eastman is planning to build its second chemical recycling facility in Longview, Texas, and the U.S. Department of Energy will grant the project up to $375 million, the company recently announced.
The state of Texas also plans to assist with project funding, a press release noted. Eastman recently got its first chemical recycling plant up and running in Kingsport, Tennessee, and is planning for another location in France.
Mark Costa, Eastman CEO, said the company is “excited to build our second U.S. world-scale molecular recycling facility at our existing site in Texas.”
The project will now begin award negotiations with the Department of Energy for up to $375 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding, along with 33 other companies. The state is providing tax incentives totaling about $70 million.
The new facility will include operations to prepare mixed plastic for processing, Eastman’s depolymerization unit and a polymer facility “to create virgin-quality materials for packaging and textiles.” It will have the capacity to recycle approximately 110,000 metric tons annually.