Cooperative Agreement DECD0000097

This Cooperative Agreement award from the U.S. Department of Energy's (DOE) Office of Clean Energy Demonstrations (OCED) under the Clean Energy Demonstrations program (CFDA 81.255) provides $375,000,000 to Eastman Chemical Company to demonstrate the commercial and technical viability of chemically recycled polyethylene terephthalate (CRPET) at a first-of-a-kind facility. The project aims to create demand for recyclable waste streams, improve recycling infrastructure, and enable higher plastic recycling rates across the U.S. Successful deployment will increase material circularity, demonstrate the viability of thermal batteries for low-carbon heat, and set a new low-carbon market standard for a widely used chemical product. The project will deliver societal benefits by diverting plastic waste from landfills, engaging the community, and creating permanent jobs. The award period runs from Sep 16, 2024 to Aug 31, 2028.