Eastman Chemical Features Sustainable Packaging Innovations
Zacks Investment Research | May 16, 2019 08:12AM ET
Eastman Chemical Company (NYSE:EMN) announced that it will showcase its latest innovations at Luxe Pack New York at the Javits Center, scheduled on May 15-16.
The company is expected to discuss two breakthrough innovations, which will address the global plastic waste problem. It will also feature two new products, Cristal EV600 copolyester and Treva engineering bioplastic.
Notably, Treva is a cellulose-based plastic for color-tinted and opaque packaging. It offers better performance and has less impact on the environment. The product has the capability to serve as a direct replacement for ABS. Biocontent of more than 40% enables the brands to proceed toward sustainability commitments.
Earlier this year, Eastman Chemical announced two recycling innovations — carbon renewal technology and advanced circular recycling. These innovative technologies facilitate the recycling of mixed plastic waste and mixed polyester.
Advanced circular recycling uses methanolysis, which breaks polyester-based products into polymer building blocks. Carbon renewal technology converts mixed plastic waste back to its molecular components, which includes cosmetics packaging that are difficult. Treva will be one of the first products to benefit from carbon renewal technology. The company intends to commercially make this product available by the end of this year.
Eastman Chemical’s shares have lost 33.4% in the past year compared with the 32.3% decline of the Original post
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