In March 2024, Eastman announced the location of its second U.S. molecular recycling facility will be Longview, Texas.
The selection of the Longview site was based on several factors, including existing infrastructure and operations synergies, favorable energy supply, access to feedstock pools in the western and central U.S., and ample space for renewable energy generation. The investment will involve the preparation of mixed plastic waste for processing, the deployment of Eastman's next-generation molecular recycling unit to break down waste, and the establishment of a polymer facility to create high-quality materials for packaging and textiles. The Longview facility will have the capacity to recycle approximately 110,000 metric tonnes of hard-to-recycle plastic waste.
The Longview site was selected due to synergies with existing infrastructure and operations, favorable energy supply and footprint, and access to western and central U.S. feedstock pools. The location also provides enough space for on-site renewable energy. We also know that the talent pool in this area is strong, and we have incredibly talented team members already working at the site who will be instrumental in this project.
The agreement with the Department of Energy is enabling us to expand the project to include thermal heat batteries and on-site solar power. This will result in a significant reduction in carbon emissions relative to using fossil fuels. The expanded scope will also add to the timeline for the project. We will be working through the details of the adjusted timeline and will provide an update when appropriate.
Yes. We use the term molecular recycling in place of chemical recycling because molecular recycling better reflects what we’re doing. At our molecular recycling facilities, we unzip waste materials into their molecular building blocks and rebuild them into new forms — providing an infinite life span for waste materials that were previously destined to end up in landfills, incinerators or, worse, the environment.
Material-to-material recycling refers to technologies where the input to be recycled is material waste and the output is a material that contains recycled content and can be used to make new products. Other technologies may be waste-to-energy or waste-to-fuel technologies where a waste feedstock is processed into energy or fuel.
We have long-term contracts for more than 50% of plant capacity at prices to support our investment.