Dept. of Energy cancels grant for Eastman facility
LONGVIEW, Tex. (WJHL) — The U.S. Department of Energy (DOE) has canceled a grant that would have aided Eastman in the creation of a facility in Texas.
An Eastman spokesperson confirmed to News Channel 11 that the grant was one of 24 Department of Energy grants that were recently canceled.
WCSO: Man arrested after firing gun at delivery driver
U.S. Secretary of Energy Chris Wright issued an announcement on Friday that the 24 grants were terminated after a review of each award determined that 'these projects failed to advance the energy needs of the American people, were not economically viable and would not generate a positive return on investment of taxpayer dollars.'
The Eastman spokesperson said the company's methanolysis project in Texas had been slated to receive federal dollars, but it was among the canceled grants.
'Eastman remains confident in the value of this technology and this innovative project in Texas,' Eastman said in a statement. 'It is important to note that this second U.S. methanolysis facility was planned before government funding was an option to us.'
The company noted that the DOE grant did allow Eastman to 'expand the scope to drive further decarbonization and offset significant capital inflation.' If Eastman is unsuccessful in getting the grant reinstated, it will look at possible changes to the scope and timeline of the Texas project.
'We strongly believe in the role this project plays in meeting the need for a circular economy and keeping plastic waste out of the environment,' Eastman stated. 'We also continue to believe that it fully aligns with the Administration's goals of creating American jobs, energy independence, and strengthening US manufacturing.'
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
20 minutes ago
- Associated Press
INTRODUCING TANGLE, A REVOLUTIONARY PROTEIN PASTA, TO THE U.S.
Published [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Samyang Foods Relaunches Their Instant Pasta Brand in the U.S., with New Look and Flavors LOS ANGELES, June 4, 2025 /PRNewswire/ -- Samyang Foods – best known as the parent company of social media's most popular instant noodles, Buldak – is reintroducing a different kind of instant noodle to the U.S. – instant pasta! Initially launched in 2023, Tangle is making a triumphant return to American grocery stores this year, with a fresh new look and four delectable flavors. Tangle is a revolutionary one-pot pasta (all-in-one pasta bowl) that combines bold flavor with effortless convenience. Driven by a passion for creating delicious, hassle-free meals, it features bouncy noodles paired with distinctive, chef-inspired sauces. Each bowl is designed to offer a filling, high-quality meal that's hot and ready in 5 minutes. Beyond convenience, Tangle also packs nutritional value, offering 15 grams of protein and 4-7 grams of fiber per serving. Tangle is available in four crave-worthy varieties tailored to American tastes: Tangle Garlic Oil: A nod to the Italian classic aglio e olio, this pasta features roasted garlic, premium Spanish olive oil and a dash of crushed red pepper for a subtle kick. Tangle Creamy Mushroom: A luxuriously creamy pasta, infused with deep umami from a blend of truffle, white mushrooms and shiitake mushrooms. Tangle Chunky Tomato: A hearty, comforting dish with generous chunks of tomato, elevated by robust notes of garlic and onion. Tangle Bulgogi Alfredo: A unique East-meets-West fusion, combining the sweet and savory essence of Korean bulgogi with rich, creamy Alfredo-style sauce and hints of bok choy, carrots, and onions. More than a fast fix, Tangle offers a fresh take on everyday dining that is perfect for busy professionals, on-the-go students, or anyone looking for a flavorful upgrade to their routine. With modern flavors and a streamlined experience, Tangle invites consumers to rethink what pasta can be – delicious and effortless. 'Tangle represents our vision to blend quality and ease in a way that feels exciting and new,' said Youngsik Shin, CEO of Samyang America. 'It's not just about saving time – it's about bringing joy to every bite.' Tangle is currently available at Kroger and Asian grocery stores nationwide, as well as online via and will be launching at BJ's Wholesale Club starting in July. All four flavor varieties come in single-serve bowls for $2.99 each, or multi-packs for $8.49 per 4-piece bundle. Visit and follow on Instagram (@tangle_pasta) and TikTok (@tangle_us) to keep up with new releases. ABOUT SAMYANG FOODS Samyang Foods is the originator of South Korea's first-ever instant ramen, launched in 1963, delivering much-needed sustenance in a convenient and affordable package. Over six decades, Samyang Foods's innovative thinking and creativity have broadened the culinary landscape, providing nourishment and exciting new flavors to the world. Samyang Foods is the parent company of globally beloved food brands – Buldak, Tangle and Samyang. Whether offering comfort and joy, or igniting diverse and fresh inspiration, Samyang Foods is committed to enriching lives and paving the way for a prosperous future. Visit to learn more. MEDIA CONTACT: [email protected] View original content to download multimedia: SOURCE Samyang Foods USA
Newsweek
29 minutes ago
- Newsweek
401(k) Millionaires Plunge
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The number of 401(k) millionaires in the U.S. has dropped amid stock market uncertainty in recent months. Why It Matters The implementation of President Donald Trump's wide-ranging tariff agenda sparked severe market jitters earlier this year, which sprung the worst two-day loss in U.S. stock market history. The administration has said tariffs will seek to correct global trade imbalances that have disadvantaged the U.S. and motivate companies to relocate their manufacturing operations to American soil. 401(k)s are invested in stocks and bonds, so their value rises or falls with market performance and economic conditions. What To Know The number of 401(k) millionaires dropped to 512,000 by the end of the first quarter—a 4.6-percent decline from the previous quarter, according to data released Wednesday by Fidelity Investments. The median account balance among these millionaires is $1.3 million. Market volatility took a toll on retirement accounts across the board. The average 401(k) balance stood at $127,100—up 1 percent from a year earlier, but down 3 percent from the fourth quarter of 2024. Among age groups, baby boomers had an average balance of $239,600, Generation X held $187,400, Millennials averaged $66,800, and Gen Z, the youngest working generation, trailed with $13,900. Stock image of a person holding several $100 bills. Stock image of a person holding several $100 bills. GETTY The 401(K) savings rate reached an all-time high of 14.3 percent, just below Fidelity's recommended rate of 15 percent, with employees contributing an average of 9.5 percent, while employers added another 4.8 percent. "Although the first quarter of 2025 posed challenges for retirement savers, it's encouraging to see people take a continuous savings approach which focuses on their long-term retirement goals," Sharon Brovelli, president of workplace investing at Fidelity, said. "This approach will help individuals weather any type of market turmoil and stay on track to reach their retirement goals." It comes after the number of 401(k) millionaires rose in 2024 by 27 percent on the previous year thanks to a bumper year for the stock market. What Should I Do With My 401(K)? In the midst of market uncertainty, experts advise not worrying unduly about your later life savings, but you could take a look at your portfolio and see if you can make any changes, particularly if you are approaching retirement. "For those approaching retirement, this may be a smart time to reassess your asset allocation," Pawan Jain, interim chair at the Department of Finance, Insurance and Real Estate at Virginia Commonwealth University, told Newsweek. "Overexposure to sectors or international stocks vulnerable to trade disruptions can lead to unnecessary stress. On the other hand, younger investors with years to go before retirement are often best served by staying the course." "While tariff-related headlines may cause short-term market swings, the broader economic and investment landscape remains resilient and full of opportunity," Michael Unger, vice president of investments and planning at Coral Gables Trust, told Newsweek. "Trade policies evolve, markets adapt, and investors who stay the course are often rewarded." What Happens Next Further impacts to 401(k) values remain to be seen as the Trump administration continues with its tariff agenda.
Axios
29 minutes ago
- Axios
Iran rejects any nuclear deal that makes its program reliant on other countries
Iran's Supreme Leader Ali Khamenei criticized the U.S. proposal for a nuclear deal on Wednesday and stressed Iran won't accept an agreement that makes its nuclear program dependent on other countries. Why it matters: Khamenei's speech gave a preview to the upcoming official Iranian response to the U.S. proposal, which American officials expect will be negative. Axios first reported the details of the U.S. proposal on Monday. Another round of nuclear talks between White House envoy Steve Witkoff and Iranian foreign minister Abbas Araghchi could take place this weekend, sources say. What he is saying: Khamenei stressed in his speech that Iran's investment in its nuclear program over the last several decades has made it part of a small group of countries to have mastered the nuclear fuel cycle. "There is one point that is a key element in the nuclear industry, and that is uranium enrichment. A nuclear industry without enrichment capabilities is useless because we would then be dependent on others to obtain fuel for our power plants," he said. Khamenei claimed the U.S. demand would make Iran reliant on other countries for nuclear fuel and material. "Thousands of nuclear scientists and researchers have been trained in Iran. Should we disappoint them, make them unemployed and take away their hope in our country's future? The rude, insolent U.S. leaders want this. In the current nuclear talks that are being mediated by Oman, the U.S. proposal is 100% against the spirit of 'We can,'" the Iranian supreme leader said referencing the Iranian government's slogan of self-reliance. "To the American side and others we say: Why are you interfering and trying to say whether Iran should have uranium enrichment or not? That's none of your business," he added. Shortly after Khamenei's speech, Araghchi wrote on X that "there is no scenario" in which Iran gives up on its nuclear technological achievements. "To reiterate: No enrichment, no deal. No nuclear weapons, we have a deal," he wrote. Driving the news: The U.S. proposal would allow limited low-level uranium enrichment on Iranian soil for a to-be-determined period of time. The proposal focuses on creating a regional enrichment consortium under these conditions: Iran won't be allowed to develop domestic enrichment capabilities beyond those necessary for civilian purposes. After signing the agreement, Iran will have to temporarily reduce its enrichment concentration to 3% for a period of time that must still be negotiated. Iran's underground enrichment facilities will be "non-operational" for a period of time agreed by the parties.
