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Eastman’s upcoming Kingsport, Tenn. plant was initially estimated to cost $250 million over two years, but recent financial filings suggest the price tag has crept upward. | William Griffith/Shutterstock
The CEO of Eastman Chemicals said today’s low PET prices are slowing negotiations over contracts to sell chemically recycled PET to brand owners, but he remains confident that recycled-content mandates and Eastman’s technological advantage will push the deals over the finish line. Continue Reading