Eastman chemical news

Eastman Chemical Company is a global specialty chemical company that provides a range of products and solutions to various industries. Here are some recent news and updates about Eastman Chemical:

Recent News

  1. Eastman Acquires Taminco Corporation: In January 2020, Eastman announced that it had completed the acquisition of Taminco Corporation, a global producer of alkylamines and other specialty chemicals.
  2. Eastman Invests in Bio-based Chemicals: In February 2020, Eastman announced that it would invest $100 million in a new bio-based chemicals facility in Kingsport, Tennessee, which will produce a range of bio-based chemicals, including biodegradable plastics.
  3. Eastman Partners with Carbon Engineering: In March 2020, Eastman announced a partnership with Carbon Engineering, a Canadian company that specializes in carbon capture and utilization technology. The partnership aims to develop new technologies for capturing and utilizing CO2 emissions.
  4. Eastman Reports Strong Q1 Results: In April 2020, Eastman reported strong first-quarter results, with net sales increasing 10% year-over-year to $2.4 billion.

Industry Trends and Developments

  1. Sustainability and Circular Economy: Eastman has been focusing on sustainability and the circular economy, with a goal of reducing its environmental impact and increasing the use of recycled materials in its products.
  2. Bio-based Chemicals: The company is investing in bio-based chemicals, which are made from renewable resources such as biomass, and can help reduce greenhouse gas emissions and dependence on fossil fuels.
  3. Digital Transformation: Eastman is also investing in digital transformation, including the use of artificial intelligence, machine learning, and the Internet of Things (IoT) to improve its operations and supply chain.

Awards and Recognition

  1. Eastman Named to Dow Jones Sustainability Index: In September 2019, Eastman was named to the Dow Jones Sustainability Index (DJSI) for the 14th consecutive year, recognizing its commitment to sustainability and corporate social responsibility.
  2. Eastman Receives Sustainability Award: In October 2019, Eastman received the Sustainability Award from the American Chemistry Council (ACC) for its efforts to reduce its environmental impact and promote sustainability in the chemical industry.

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