Eastman (took a significant and definitive step forward to accelerate the circular economy. The company has begun commercial operation of an innovative chemical recycling technology that will help solve one of the world’s most pressing problems – waste plastic.
Eastman’s carbon renewal technology breaks down waste plastics into molecular building blocks like carbon, oxygen and hydrogen. Carbon renewal technology is a game-changer for recycling because it provides an end-of-life solution for many plastics from a variety of sources, such as single-use plastics, textiles, and carpet, that traditional mechanical recycling methods cannot process. As a result, many of these plastics are landfilled or incinerated. Eastman expects to use up to 50 million pounds of waste plastic in carbon renewal technology operations in 2020, and projects are currently underway to significantly expand that amount.