Eastman Chemical Company has announced that it will invest around $250 million over the next two years to build “one of the world’s largest plastic-to-plastic molecular recycling facilities.” The plant will be located at Eastman’s site in Kingsport, Tennessee, where the company is headquartered. Through methanolysis, this facility will convert polyester waste, which often ends up in landfills and waterways, into durable products. By utilizing the company’s polyester renewal technology, the new plant will recycle over 100,000 metric tons of plastic waste that cannot be processed by current mechanical methods to produce high-quality specialty plastics. The new facility is expected to be mechanically complete by the end of 2022.