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- Eastman partners with mechanical recycler Dentis Group/Nord Pal Plast to unlock new raw materials for its planned facilities in France

KINGSPORT, Tenn., Feb. 14, 2024 /PRNewswire/ -- Eastman (NYSE: EMN) today announced a long-term agreement with Nord Pal Plast SA, part of the Dentis Group, a leading Italian multinational company specializing in recovery and mechanical recycling of PET packaging waste. Through its mechanical recycling plants in France (Nord Pal Plast SA), Spain (PET COMPANY FOR YOUR RECYCLING) and Italy (Dentis Recycling Italy Srl), Dentis will supply Eastman with 30,000 metric tons per year of rejected post-consumer PET waste. 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 underlines the importance and complementarity of mechanical and molecular recycling processes to create a more sustainable future. By combining their knowledge 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 delighted to sign this agreement with Eastman as our group is firmly committed to promoting a continued transition from a linear to a circular economy in the packaging market," said Corrado Dentis, CEO of Dentis/Nord Pal. Plastic "This partnership contributes to creating a valuable permanent platform for the reduction of PET waste, making mechanical and chemical recycling effectively complement each other to achieve European plastic recycling rates."

"We are very pleased to sign this agreement with Dentis/Nord Pal Plast, which exemplifies Eastman's commitment to collaboration and our dedication to working alongside mechanical recyclers to address the plastic waste crisis," said Brad Lich, executive vice president and chief commercial officer of Eastman. "This partnership is a testament to our shared goal of reducing plastic waste and advancing the circular economy. With over 70% of raw materials secured for our upcoming recycling plant in Normandy, including materials typically rejected by mechanical recyclers "This agreement represents a significant element of our raw material availability and reinforces our commitment to sustainable solutions."

Eastman's announced molecular recycling plant in Normandy will become the largest material-to-material molecular recycling plant in the world. At full capacity, after phase 1 and phase 2, the facility will have the capacity to recycle more than 200,000 tons of difficult-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 break down difficult-to-recycle waste into its molecular components. These components are reassembled to create premium materials without compromising performance. Eastman's process allows for the potentially infinite value of materials, keeping them in production cycle after cycle.

About Dentis, Nord Pal PlastFounded in 1987, Dentis is currently a multinational group specialized in the recovery and recycling of PET packaging waste, leader in the European R-PET market. At its production plant and group headquarters in Sant' Albano Stura (Cuneo), the company produces recycled PET bottle flakes under the PETALO® brand and bottle-grade rPET pellets under the REPETER® brand, which it supplies to business owners. Italian and international brands.

Focused on new challenges, in the 2010s, Dentis opened a season of expansion of the PET market by acquiring a recycling plant in Spain in 2013 (PET COMPAÑÍA PARA SU RECICLADO in Valencia, Spain) and a second in France in 2018 (NORD PAL PLAST in Lille, France). Thanks to its mission and innovation policy, today, Dentis Group positions it as one of the largest mechanical producers of RPET in Europe, having achieved the goal of a total recycling capacity of more than 270,000 tons of post-PET bottles. consumption per year.

About EastmanFounded in 1920, Eastman is a global specialty materials company that manufactures a wide range of products found in items people use every day. Seeking to materially improve the quality of life, Eastman works with its customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model leverages world-class technology platforms, deep customer engagement and differentiated application development to grow its leadership positions in attractive end markets such as transportation, construction and consumables. As a global and diverse company, Eastman employs approximately 14,000 people worldwide and serves customers in more than 100 countries. The company had approximate revenues of $9.2 billion in 2023 and is headquartered in Kingsport, Tennessee (United States). For more information, visit www.eastman.com.

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