10:29 AM EST, 12/06/2024 (MT Newswires) -- Eastman Chemical ( EMN ) said Friday it expects "significant" earnings before interest, taxes, depreciation, and amortization, or EBITDA growth through its circular economy initiatives, driven by a macroeconomic recovery.

At its 2024 Circular Economy Deep Dive event, the company said it projects more than $2.1 billion in EBITDA and nearly $1.6 billion in cash from operations in a normalized environment, excluding circular investments, with an additional EBITDA of over $500 million by 2029 from circular initiatives.

The circular initiatives include $350 million in EBITDA from methanolysis facilities in Kingsport, Tennessee, and Longview, Texas, and $150 million to $200 million in EBITDA from the cellulosic biopolymer platform.

Eastman Chemical ( EMN ) also expects an additional $75 million to $100 million EBITDA contribution from the Kingsport methanolysis facility in 2025.

The company said capital expenditures are expected to be about $800 million in 2025, and are expected to range between $800 million to $1 billion in 2026 and 2027.

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