Eastman's climate progress today leans heavily on every efficiency, where we have received multiple ENERGY STAR® awards.
We are helping lead the world into a new age of plastics recycling with molecular recycling technologies that produce new materials at a substantially reduced carbon footprint. By using waste plastic as feedstock, molecular recycling leaves fossil feedstocks in the ground and produces virgin-quality intermediates for plastic production with 20%-50% fewer greenhouse gas emissions than heritage processes. We will continue to identify and pursue additional enhancements to our manufacturing processes.
We are working to bring more renewable energy to Eastman, and we are committed to 100% of our purchased electricity in North America and Europe will be renewable by 2030.
We are exploring alternative energy technologies that have the potential to accelerate our progress toward decarbonization. Our project team is studying uses of clean hydrogen, carbon capture, utilization, and storage (CCUS), and other emerging innovations.