$1 billion polyester recycling plant plan

Synthetic fibres manufacturer Eastman plans to invest up to $1 billion in a material-to-material molecular recycling facility in France.

The announcement was made jointly in Paris on Monday (January 17^th), by French president Emmanuel Macron and Eastman CEO Mark Costa.

It will use the company’s polyester renewal technology to recycle up to 160,000 metric tons annually of hard-to-recycle plastic waste that is currently being incinerated.

The investment will create virgin-quality material with a significantly lower carbon footprint. Eastman is the largest investor at this year’s “Choose France” event, which is focused on attracting foreign investment to the country.

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