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Abstract
The latest Choose France event, a program launched by French president Emmanuel Macron to attract foreign investment, has yielded billions of dollars for new projects, including initiatives in plastics recycling, chemicals, and pharmaceuticals from Eastman Chemical, BASF, Pfizer, and other firms. The largest of the investments is an up to $1 billion commitment from Eastman to build a polyester depolymerization complex in the country. Macron and Eastman CEO Mark Costa announced the investment at an event at Élysée Palace on Jan. 17. Eastman will use a methanolysis process it developed to break down postconsumer polyethylene terephthalate (PET) into its raw materials dimethylene terephthalate (DMT) and ethylene glycol. The company is building its first such plant in Kingsport, Tennessee. Scheduled for completion by the end of this year, it will have the capacity to break down 110,000 metric tons (t) of PET annually. Eastman expects the French plant to have 160,000
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