Eastman to invest in France and circularity
French President Emmanuel Macron and Eastman CEO Mark Costa jointly announced Eastman’s plan to invest up to $1 billion in a material-to-material molecular recycling facility in France that would use Eastman’s polyester renewal technology to recycle up to 160,000 tonnes annually of hard-to-recycle plastic waste that is currently being incinerated.
The plant and an innovation center would be expected to be operational by 2025, creating employment for approximately 350 people and leading to an additional 1,500 indirect jobs in infrastructure and energy.
Eastman has entered an exclusive negotiation with Port-Jérôme-sur-Seine as the preferred location of the molecular recycling facility it plans to build in France.
Read the press release.
Photo: Eliot Blondet/Abacapress.com
Leading brands are with us.
Eastman’s project has also garnered support from an impressive roster of global brands that share its commitment to solving the world’s plastic waste problem and view molecular recycling as a pivotal tool for achieving circularity. LVMH Beauty, The Estée Lauder Companies, Clarins, Procter & Gamble, L’Oréal, and Danone are leading the way by signing letters of intent for multiyear supply agreements from this facility.