Eastman outlines $500M 2027 capex baseline as DOE grant supports Kingsport methanolysis expansion

What happened: Eastman Chemical outlined a $500M 2027 capex baseline, and its reinstated DOE grant supports the Kingsport methanolysis expansion. CEO Mark Costa said the updated scope now includes all of the project. Key numbers: $500M 2027 capex baseline. Why it matters: Management welcomed the grant's return, tying it to reindustrializing U.S. supply chains and building resiliency.

Eastman Chemical outlined a $500M 2027 capex baseline, and its reinstated DOE grant supports the Kingsport methanolysis expansion. CEO Mark Costa said the updated scope now includes all of the project.

Management welcomed the grant's return, tying it to reindustrializing U.S. supply chains and building resiliency.