Eastman Selected By US Department Of Energy To Receive Up To $375M Investment For Its Second US Molecular Recycling Project
Portfolio Pulse from Benzinga Newsdesk
Eastman has been selected by the US Department of Energy to receive up to $375 million in investment for its second US molecular recycling project. This significant investment underscores the government's support for sustainable and innovative recycling technologies.
March 25, 2024 | 1:02 pm
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Eastman is set to receive up to $375 million from the US Department of Energy for its molecular recycling project, highlighting its commitment to sustainability and innovation.
The investment from the US Department of Energy is a significant endorsement of Eastman's technology and its potential market impact. This financial backing not only supports the company's sustainability goals but also potentially enhances its market position and financial stability. The news is likely to be viewed positively by investors, reflecting optimism about Eastman's future prospects and commitment to innovation in recycling.
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