Eastman has entered an exclusive negotiation with Port-Jerome-sur-Seine as the preferred location of the molecular recycling facility it plans to build in France, according to Hydrocarbonprocessing.
This is an important step toward a significant milestone in the company's plan to invest up to USD1 B and build the world's largest material-to-material molecular recycling plant in France - a facility that will recycle approximately 160,000 tpy of hard-to-recycle polyester waste.
In the time since Eastman Board Chair and CEO Mark Costa and French President Emmanuel Macron jointly announced the company's planned investment in January, Eastman conducted a selection process of three potential locations and chose to enter exclusive negotiations with Port-Jerome-sur-Seine in Normandy. This site offers proximity of supply to waste polyester for feedstock, required space for an expansive facility and the necessary infrastructure for operations of this scale. Eastman expects the facility to be operational by 2025.
"We conducted a very thorough assessment process of three excellent candidate sites and selected Port-Jerome-sur-Seine because it offered the essential elements for constructing and operating a facility of this magnitude," Costa said. "Only two months have passed since I met with President Emmanuel Macron in January, and we continue to be impressed by the collaboration that is making rapid progress possible. We are grateful for the efforts of the national, regional, and local governments; state agencies and development authorities."
Eastman's proven polyester renewal technology (PRT) is complementary to mechanical recycling and provides true circularity for hard-to-recycle plastic waste that remains in a linear economy today. This material, like colored or degraded polyethylene terephthalate (PET) or textiles, is typically incinerated because it either cannot be mechanically recycled or must be downcycled.
PRT creates potentially infinite value from materials by keeping them in production life cycle after life cycle. With the technology's highly efficient polyester yield of 93% and the renewable energy sources available in Normandy, Eastman can transform waste plastic into first-quality polyesters with GHG emissions up to 80% less than traditional methods.
The Eastman investment will be a significant economic driver, enabling France to sustain its leadership role in the circular economy. The project will create employment for approximately 350 people and lead to an additional 1,500 indirect jobs in recycling, energy and infrastructure. On the topic of job creation, Costa added that the available workforce in Port-Jerome-sur-Seine is another element that makes it an advantaged location.
The many integrated elements of the French facility will enable Eastman to make unique contributions to build a true circular economy for plastics. As a material-to-material recycling plant, Eastman's operations will include on-site polymerization. This provides Eastman the capability to take hard-to-recycle polyester waste and sort, depolymerize and produce recycled PET at a single location. Eastman expects these efficiencies to lower costs for end products with recycled materials, enabling consumers to make more sustainable choices without significantly higher costs. The plant will also reduce the country's carbon emissions by reducing dependency on imported fossil-fuel based products.
As MRC reported earlier, Eastman Chemical Co. (Kingsport, Tenn.) has completed the acquisition of the business and assets of Matrix Films, LLC and its UK affiliate, PremiumShield Limited, marketer of PremiumShield performance films, including its extended line of automotive film patterns.
We remind that Eastman is increasing capacity for its Naia-brand cellulosic filament yarn at its plant in Barcelona, Spain. Eastman is increasing its capacity to produce Naia cellulosic filament yarns at its plant Barcelona, by 30% by mid-2021, and by more than 50% by the end of 2022.
According to MRC's ScanPlast report, Russia's estimated PET consumption remained steady in December 2021 year on year. December estimated PET consumption totalled 67,880 tonnes (67,710 tonnes in December 2020).
Eastman is a multinational chemical company serving customers in approximately 100 countries. Sales in 2015 amounted to around USD9.6 Billion. The company is headquartered in Kingsport, Tennessee, USA. The company employs approximately 15 thousand people around the world.
MRC