share_log
  • Headlines
  • 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

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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment
    Related Stocks Related Stocks
    Symbol Mini Chart Price
    Flexible Solutions
    FSI
    -- 7.210
    Trinseo
    TSE
    -- 5.140
    Lightwave Logic
    LWLG
    -- 1.500
    Alto Ingredients
    ALTO
    -- 1.580
    CN Energy
    CNEY
    -- 0.2640
    Log In for the Full List
    Discussing
    Trump 2.0 Era: How will global markets evolve?
    🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context, Show More
    MicroStrategy Q4 2024 earnings conference call
    Reassessing Chinese Assets
    Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.