20 Facts About Eastman Chemical

1.

Eastman Chemical Company is an American company primarily involved in the chemical industry.

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2.

Eastman Chemical was spun off from parent Eastman Chemical Kodak in 1994 and had 2021 sales revenue of approximately $10.

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3.

In 1920, Tennessee Eastman was founded with two major platforms – organic chemicals and acetyls.

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4.

Tennessee Eastman Chemical was responsible for managing the Y-12 National Security Complex at Oak Ridge, Tennessee which produced enriched uranium for the Manhattan Project, from 1943 to May 1947.

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5.

In 1983, Eastman opened the first commercial coal gasification facility in the United States at its Kingsport plant site to produce chemicals from syngas rather than petroleum.

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6.

In 1994, Eastman Chemical was spun off from Eastman Chemical Kodak and became an independent corporation.

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7.

In early 2005, Eastman Chemical broke ground on the first world-scale manufacturing facility using IntegRex, a technology that reduces the number of intermediate process steps in producing PET resin.

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8.

In July 2012, Eastman completed its acquisition of Solutia Inc, a manufacturer of performance materials and specialty chemicals, for $4.

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9.

In December 2014, Eastman Chemical completed its acquisition of Taminco Corporation for $2.

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10.

In 2019, Eastman began commercial-scale chemical recycling for a broad set of waste plastics that would otherwise be placed in a landfill or incinerated.

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11.

Eastman Chemical began commercial operation of carbon renewal technology in October 2019 at the company's largest manufacturing facility in Kingsport, Tenn.

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12.

In January 2021, Eastman Chemical announced plans to build a methanolysis plant that will convert polyester waste into durable products.

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13.

Eastman Chemical expects to spend approximately $250 million to build the facility.

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14.

In January 2022, Eastman Chemical announced it would invest up to $1 billion in a material-to-material molecular recycling facility in France that would use Eastman Chemical's polyester renewal technology to recycle up to 160,000 tons annually of plastic waste.

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15.

Eastman Chemical Company operates more than 50 manufacturing sites in 16 countries:.

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16.

In 2013, Eastman Chemical was named Responsible Care Company of the Year in the large company category by the American Chemistry Council.

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17.

Eastman Chemical was awarded the 2009 Presidential Green Chemistry Challenge Award presented by the US Environmental Protection Agency.

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18.

In 2014 and early 2016, Eastman Chemical converted two boilers at its Kingsport, Tennessee, site from coal to natural gas combustion.

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19.

Eastman Chemical converted a coal-fired boiler at its Indian Orchard facility in Springfield, Massachusetts, to natural gas in 2015.

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20.

Eastman Chemical has been recognized three consecutive years by Glassdoor as an Employees' Choice Best Place to Work and by Ethisphere Institute as a World's Most Ethical Company.

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