Eastman, NB Coatings Tie Up For Sustainable Automotive Plastic
Zacks Investment Research | Nov 17, 2019 09:58PM ET
Eastman Chemical Company (NYSE:EMN) announced a partnership with NB Coatings to develop a solution using Treva engineering bioplastic for interior Class A painted surfaces. Eastman manufactures Treva with biobased and recycles content, with the recent commercialization of its carbon renewal technology. Treva, when painted with NB Coatings paint systems, can meet the requirements of Class A surface as defined by original equipment manufacturers (OEMs).
Innovations of Eastman meet the need of OEMs to produce parts with sustainable materials and help them achieve targets of sustainable content and petroleum-based plastic replacement.
Treva, obtained from sustainably managed forests, has biobased content of 42-46% and is certified by the U.S. Department of Agriculture’s (“USDA”) BioPreferred program. It benefits from Eastman’s proprietary carbon renewal technology that recycles waste plastic. Treva has exhibited high performance and lower environmental impact in automotive applications.
Eastman’s shares have declined 2.6% year to date, outperforming 22.5% decline of the Zacks Investment Research
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