Reported Earlier, Eastman Chemical Expects To Generate Significant EBITDA Growth Through Its Circular Economy Initiatives; Plans To Invest In Organic Growth For The Next Several Years

Benzinga · Nov 22, 2024 05:24

The company projects that it will generate:

greater than $2.1 billion of EBITDA and approximately $1.6 billion of cash from operations in a normalized macroeconomic environment before the benefit of circular investments, and
additional EBITDA of >$500 million by 2029 through its circular initiatives:
- >$350 million of EBITDA from Kingsport, Tenn., and Longview, Texas, methanolysis projects, and
- $150 million–$200 million of EBITDA from its cellulosic biopolymer platform

The company also said it expects to generate an incremental $75 million–$100 million of EBITDA contribution in 2025 compared to 2024 from the Kingsport methanolysis facility.

Capital expenditures in 2025 are expected to be approximately $800 million. In 2026 and 2027, capital expenditures are expected to range between $800 million and $1 billion.

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Reported Earlier, Eastman Chemical Expects To Generate Significant EBITDA Growth Through Its Circular Economy Initiatives; Plans To Invest In Organic Growth For The Next Several Years

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