KINGSPORT, Tenn., Feb. 14, 2024 /PRNewswire/ -- Eastman (NYSE: EMN)
today announced a long-term agreement with Nord Pal Plast SA part
of Dentis Group, a leading Italian multinational company
specializing in the recovery and mechanical recycling of PET
packaging waste. Through its mechanical recycling sites in
France (Nord Pal Plast SA),
Spain (PET COMPAÑÍA PARA SU
RECICLADO) and Italy (Dentis
Recycling Italy Srl), Dentis will provide 30,000 metric tonnes per
year of rejected PET post-consumer waste to Eastman. These
materials, which currently lack a circular solution, will be
recycled at Eastman's molecular recycling facility in
Port-Jérôme-sur-Seine, Normandy
(France).
This partnership underscores the importance and complementary
nature of both mechanical and molecular recycling processes in
creating a more sustainable future. By combining their expertise
and resources, both companies aim to achieve true circularity in
the recycling process, maximizing the value of waste materials and
reducing environmental impact.
"We are very pleased to enter into this agreement with Eastman
since our group is strongly committed to promoting a continuous
transition from a linear to a circular economy in the packaging
market," said Corrado Dentis,
Dentis/Nord Pal Plast's chief
executive officer. "This partnership contributes to create a
standing valuable platform towards PET waste reduction making
mechanical and chemical recycling effectively complementary towards
the achievements in European Plastic recycling rates."
"We are very happy to enter into this agreement with
Dentis/Nord Pal Plast, which
exemplifies Eastman's commitment to collaboration and our
dedication to working alongside mechanical recyclers to tackle the
plastic waste crisis," said Brad
Lich, Eastman's executive vice president and chief
commercial officer. "This partnership is a testament to our shared
goal of reducing plastic waste and advancing the circular economy.
With over 70% of the feedstock secured for our upcoming recycling
plant in Normandy, including
materials typically rejected by mechanical recyclers, this
agreement represents a significant element of our feedstock
availability and reinforces our commitment to sustainable
solutions."
Eastman's announced molecular recycling facility in Normandy is set to become the world's largest
material-to-material molecular recycling plant. At full capacity,
after phase 1 and phase 2, the facility will have the capacity to
recycle more than 200,000 tonnes of hard-to-recycle polyester waste
annually. This significant investment in France marks a milestone in Eastman's
commitment to sustainable solutions and supports the company's
efforts to establish a more circular economy.
Eastman's molecular recycling technologies allow for the
breakdown of hard-to-recycle waste into its molecular building
blocks. These building blocks are then reassembled to create
first-quality materials without compromising performance. Eastman's
process enables the potentially infinite value of materials,
keeping them in production cycle after cycle.
About Dentis, Nord Pal
Plast
Founded in 1987, Dentis nowadays is a
multi-national Group specialized in the recovery and recycling of
PET packaging waste, leader in the European R-PET market. At its
production site and group headquarters in Sant' Albano Stura (Cuneo), the company produces
recycled PET bottle flakes with the brand name PETALO®
and bottle-grade rPET pellets with the brand name
REPETER® which it provides to Italian and international
brand owners.
Focused on new challenges, in 2010s, Dentis opened at a season
of PET market expansion by the acquisition of a recycling plant in
Spain in 2013 (PET COMPAÑÍA PARA
SU RECICLADO in Valencia, Spain)
and a second one in France in 2018
(NORD PAL PLAST in Lille, France). Thanks to its mission and
innovation policy, nowadays, Dentis Group ranks it as one of the
largest mechanical RPET producer in Europe, having achieved the goal of a total
recycling capacity of more than 270,000 tons of post-consumer PET
bottles per year.
About Eastman
Founded in 1920, Eastman is a global
specialty materials company that produces a broad range of products
found in items people use every day. With the purpose of enhancing
the quality of life in a material way, Eastman works with customers
to deliver innovative products and solutions while maintaining a
commitment to safety and sustainability. The company's
innovation-driven growth model takes advantage of world-class
technology platforms, deep customer engagement, and differentiated
application development to grow its leading positions in attractive
end markets such as transportation, building and construction, and
consumables. As a globally inclusive and diverse company, Eastman
employs approximately 14,000 people around the world and serves
customers in more than 100 countries. The company had 2023 revenue
of approximately $9.2 billion and is
headquartered in Kingsport,
Tennessee, USA. For more information,
visit www.eastman.com.
Media Contacts:
Lidia
Soria
Eastman Corporate
Communications, EU
Lidia.soria@eastman.com
/ +31102402831
|
Kristin
Parker
Eastman Corporate
Communications, US
kristin@eastman.com / 1-423-229-2526
|
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