KINGSPORT, Tenn. (WCYB) — Eastman Chemical Company confirmed Monday a $375 million grant to help build a molecular plastic recycling plant is among those canceled by the U.S. Department of Energy.

The Trump administration said the Eastman project and 23 other clean energy industrial facilities were not economically viable. Their federal funding had been approved by the Biden administration.

The U.S. Department of Energy has canceled a $375 million grant that Eastman Chemical Co. planned to use to help build a nearly $1.2 billion plastics recycling facility just outside Longview.

The canceled awards include an Eastman Chemical plastics recycling plant, ExxonMobil’s switch to hydrogen fuel at a Texas refinery, an Orsted low-carbon methanol facility, a project by LanzaTech ...

WASHINGTON (Reuters) -The U.S. has axed awards to 24 green energy projects issued during President Joe Biden's administration that totaled more than $3.7 billion, including one at an Exxon ...

Some of the 24 canceled awards include $500 million to Heidelberg Materials US, Inc.; $375 million to Eastman Chemical Company; $95 million to Nevada Gold Mines, LLC; and $270 million to Sutter CCUS, ...

Eastman Chemical Company confirmed Monday a $375 million grant to help build a molecular plastic recycling plant is among those canceled by the U.S. Department of Energy. The award is among 24 ...

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A high-level overview of Eastman Chemical Company (EMN) stock. View (EMN) real-time stock price, chart, news, analysis, ... including $332M Exxon award SA News Sat, May 31 28 Comments.

Eastman Chemical has underperformed, but recent tariff moderation and cost cuts have helped de-risk shares. See why EMN stock ...