Eastman Chemical Company announced the company’s plans to build one of the world’s largest plastic-to-plastic molecular recycling facilities at its site in Kingsport, Tenn. Through methanolysis, this world-scale facility will convert polyester waste that often ends up in landfills and waterways into durable products, creating an optimized circular economy. Over the next two years, the company will invest approximately $250 million in the facility, which will support Eastman’s commitment to addressing the global waste crisis and to mitigating challenges created by climate change, while also creating value for its stakeholders. Utilizing the company’s polyester renewal technology, the new facility will use over 100,000 metric tons of plastic waste that cannot be recycled by current mechanical methods to produce premium, high-quality specialty plastics made with recycled content. This process of using plastic waste as the main feedstock is a true material-to-material solution and will not only reduce the company’s use of fossil feedstocks, but also reduce its greenhouse gas emissions by 20-30 percent relative to fossil feedstocks.