Read an article from Packaging Insights on Eastman’s $1bn investment in the world’s largest molecular plastics recycling facility.
Eastman is investing up to US$1 billion in building what it says is the world’s largest molecular plastics recycling facility in France. The announcement was made jointly this morning by French President Emmanuel Macron and Eastman’s board chair and CEO Mark Costa.
The new facility would use Eastman’s polyester renewal technology to recycle up to 160,000 metric tons of hard-to-recycle plastic waste annually – enough plastic waste to fill Stade de France national football stadium 2.5 times.
The project is designed to divert plastic waste from incineration while creating virgin-quality material with a “significantly lower carbon footprint.”
Eastman’s project has also garnered support from a roster of global brands, who also view molecular recycling as a pivotal tool for achieving circularity. LVMH Beauty, The Estée Lauder Companies, Clarins, Procter & Gamble (P&G), L’Oréal and Danone have signed letters of intent for multi-year supply agreements from this facility.
View original article in Packaging Insights here.