This project intends to demonstrate the commercial and technical viability of chemically recycled polyethene terephthalate (CRPET) at a first-of-a-kind chemical recycling facility

Active Cooperative Agreement Awarded Last action

Award ID
DECD0000097
Recipient
Awarding agency
Obligated
$1,288,139,993

Award facts

Assistance listing
81.255 Clean Energy Demonstrations
Completion date 54% complete
Funding
  • $375,000,000.00 Federal
  • $913,139,993.00 Non-federal
Place of performance
Longview, TX 75607, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

The CRPET manufacturing process aims to create demand for recyclable waste streams and, through partnerships, improve recycling infrastructure, ultimately enabling higher plastic recycling rates across the US. Successful project deployment will increase material circularity, demonstrate the viability for thermal batteries to provide low-carbon heat, and spur future investment by setting a new low-carbon market standard for a widely used chemical product. This project will provide societal benefit by diverting plastic waste from entering landfills, support two-way engagement with the community via a community advisory panel, and deliver tangible benefits to the surrounding community including creating permanent jobs.

Transactions

Action Federal Non-federal Date
Amendment $0 $913,139,993
Amendment $0 $0
Amendment $337,666,625 $0
Original award $37,333,375 $0

Quick answers

Who received award DECD0000097?

DECD0000097 was awarded to Eastman Chemical Company by Department of Energy on September 16, 2024.

How much is award DECD0000097 worth?

$1,288,139,993 has been obligated on DECD0000097: $375,000,000 in federal funding and $913,139,993 in non-federal funding.

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