Eastman to invest US$1bn in chemical recycling plant

January 28, 2022 EcoVadis EN

French President Emmanuel Macron and Mark Costa, board chair and CEO of specialty materials giant, Eastman, have jointly announced that plans that will see Eastman invest up to US$1 billion in a material-to-material chemical recycling facility in France.

The facility will use Eastman's polyester renewal technology to annually recycle up to 160,000 metric tonnes of hard-to-recycle plastic waste, most of which is currently being incinerated.

Muted figures suggest that the investment would recycle enough plastic waste annually to fill Paris’ Stade de France national football stadium 2.5 times over, while also creating virgin-quality material with a significantly lower carbon footprint.


Read the full article at: www.ecotextile.com

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EcoVadis EN

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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