Eastman Chemical Company Says A $375 Million Federal Grant To Support A Planned Molecular Plastics Recycling Facility In Texas Has Been Canceled By The U.S. Department Of Energy. The Doe Terminated 24 Clean Energy Projects Last Week Citing A Lack Of Economic Viability And Little Return On Investment For Taxpayers. The Eastman Project Would Have Expanded On Its Existing Technology Launched In Kingsport In 2024 And Added 200 Jobs To The Longview, Texas Area. Eastman Says The Project Was Planned Before The Grant Was Offered And They Remain Committed To Advancing A Circular Economy, But May Need To Modify The Scope And Timeline Without The Funding.
