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Department Of Energy Reinstates Eastman Award To Advance U.S. Manufacturing Leadership

By Reuters News

Oct 29 (Reuters) - Eastman Chemical Co EMN.N:

  • DEPARTMENT OF ENERGY REINSTATES EASTMAN AWARD TO ADVANCE U.S. MANUFACTURING LEADERSHIP AND STRENGTHEN THE DOMESTIC RECYCLED PLASTICS SUPPLY CHAIN

  • EASTMAN CHEMICAL: REINSTATED AWARD IS $375 MILLION, LESS ABOUT $35 MILLION CO HAS GOT RELATED TO INVESTMENT IN DESIGN & ENGINEERING UNDER PREVIOUS AGREEMENT

  • EASTMAN CHEMICAL: IDENTIFIED OPPORTUNITY TO INCREASE KINGSPORT METHANOLYSIS CAPACITY ABOUT 30% THROUGH DEBOTTLENECKING WITH MODEST CAPITAL INVESTMENT

  • EASTMAN CHEMICAL: AWARD PROVIDES OPPORTUNITY FOR CO & DOE TO ADVANCE UPDATED INVESTMENT PLAN EXPANDING PROVEN, U.S.-DEVELOPED METHANOLYSIS TECHNOLOGY

Further company coverage: EMN.N

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