Latest news with #EastmanChemicalCompany
Yahoo
18-07-2025
- Business
- Yahoo
Eastman Chemical Company (EMN) Strengthens Management with AGCO CFO
Eastman Chemical Company (NYSE:EMN) is one of the best chemical stocks to buy, according to billionaires. On June 27, the company strengthened its management team with the appointment of Mr. Damon Audia, CFO of AGCO Corporation (NYSE:AGCO), to its board. Eastman Chemical Company will leverage Audia's extensive experience in finance and strategic acumen as it continues to pursue its vision of innovation and growth. 'Damon's leadership and deep understanding of business strategy and experience across diverse industries, including automotive and agriculture, will contribute significantly to our mission of delivering relevant and innovative solutions to our customers,' said Mark Costa, Board Chair and CEO. Eastman Chemical Company (NYSE:EMN) is a specialty Materials Company that produces materials used in everyday consumer products. It makes a wide range of chemicals, plastics, and fibers that serve diverse industries, including transportation, construction, electronics, and healthcare. While we acknowledge the potential of EMN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Consumer Goods Stocks Billionaires Are Quietly Buying and Goldman Sachs Penny Stocks: Top 12 Stock Picks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
18-07-2025
- Business
- Yahoo
Eastman Launches Biodegradable Micropowder for EU-Compliant Color Cosmetics
Eastman Chemical Company (NYSE:EMN) is one of the best basic materials stocks to invest in. Earlier on June 11, Eastman announced the launch of Esmeri CC1N10. This new product is a high-performance and readily biodegradable cellulose ester micropowder designed for color cosmetics. Sourced from sustainably managed forests, Esmeri CC1N10 aims to meet the European Union's stringent regulations for synthetic polymer microparticles. Esmeri CC1N10 offers a sustainable micropowder solution without compromising performance in color cosmetics. It provides a visually superior soft-focus optical effect, improved color intensity and payoff, and uniform coverage. The product is also highly compatible with lipophilic cosmetic formulations. A woman applying makeup in her bathroom, showcasing the variety of beauty products available. Using over a century of expertise in cellulose esters technology, Eastman developed Esmeri CC1N10 to comply with the European Commission's Regulation EU 2023/2055 on synthetic polymer microparticles. The innovation aligns with the European Union's Zero Pollution Action Plan, which aims to reduce microplastics released into the environment by 30% by 2030. Eastman Chemical Company (NYSE:EMN) is a specialty materials company with operations in the US, China, and internationally. While we acknowledge the potential of EMN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-05-2025
- Business
- Yahoo
The Department of Energy axes $3.7 billion in clean energy project grants
Energy Secretary Chris Wright said Friday he canceled nearly $4 billion in project grants, in another massive blow to clean energy and greenhouse gas emissions reduction efforts in the U.S. under President Donald Trump's administration. The grants, largely awarded during former President Joe Biden's final few months in the White House, were primarily for programs to capture carbon emissions and store them underground. Other targeted efforts span cleaner cement, natural gas and more. Some of the 24 canceled awards include $500 million to Heidelberg Materials US, Inc.; $375 million to Eastman Chemical Company; $95 million to Nevada Gold Mines, LLC; and $270 million to Sutter CCUS, among others, according to a list provided by the Department of Energy. Sublime Systems, which lost an $87 million grant, was 'surprised and disappointed,' the company said in a statement. 'Today's action is bad for U.S. competitiveness in the global market and also directly contradictory to the administration's stated goals of supporting energy production and environmental innovation,' said Conrad Schneider, a senior director at the Clean Air Task Force. It 'undercuts U.S. competitiveness at a time when there is a growing global market for cleaner industrial products and technologies.' The news was a swift follow-up to plans the Energy Department announced earlier this month to review 179 funded projects, totaling over $15 billion, that were awarded by the Office of Clean Energy Demonstrations created under the 2021 bipartisan infrastructure law. It is part of Wright's pledge to ensure 'responsible' spending — aligning with the government's broader efficiency and cost-cutting measures, such as those recommended by the Department of Government Efficiency, which has significantly impacted federal research, workers and agencies. 'While the previous administration failed to conduct a thorough financial review before signing away billions of taxpayer dollars, the Trump administration is doing our due diligence to ensure we are utilizing taxpayer dollars to strengthen our national security, bolster affordable, reliable energy sources and advance projects that generate the highest possible return on investment," Wright said in Friday's statement. Moreover, the announcement marks the latest of the administration's attacks on clean energy, broadly, and its effort to slash federal support for projects addressing climate change. The Trump administration has taken an ax to Biden-era environmental ambitions, rolled back landmark regulations, withdrawn climate project funding, and instead bolstered support for oil and gas production in the name of an 'American energy dominance' agenda. Steven Nadel, executive director of the American Council for an Energy-Efficient Economy, called the news 'shortsighted.' Carbon capture has been a controversial climate solution, as skeptics say it enables the continued burning of fossil fuels oil, coal and natural gas that emit planet-warming greenhouse gases — including carbon dioxide — and distracts from the need to cut ties with those energy sources altogether. Though investment in the technology has grown, it also remains challenging to scale. Industry decries the news Organizations quickly decried the secretary's actions, stressing that the cancelations don't align with the administration's goals to bolster domestic manufacturing or energy independence. Jessie Stolark, the executive director of the nonpartisan Carbon Capture Coalition, said the news 'is a major step backward" for carbon management technologies, which are 'crucial to meeting America's growing demand for affordable, reliable, and sustainable energy.' 'These projects are not just reducing pollution, they are keeping the U.S. on the cutting edge of manufacturing technology," said Mike Williams, senior fellow on the energy and environment team at public policy and advocacy group the Center for American Progress. "Canceling these important projects will raise energy prices for consumers and sacrifice thousands of high-quality union jobs, all because the president wants to curry favor with Big Oil.' Evan Gillespie, partner at decarbonization organization, Industrious Labs, said the move dismantles the economy and the future of American manufacturing and its workforce. 'Killing these projects means more emissions, more pollution, and more people getting sick,' he said. ___ Alexa St. John is an Associated Press climate reporter. Follow her on X: @alexa_stjohn. Reach her at ___ Read more of AP's climate coverage at ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
San Francisco Chronicle
30-05-2025
- Business
- San Francisco Chronicle
The Department of Energy axes $3.7 billion in clean energy project grants
Energy Secretary Chris Wright said Friday he canceled nearly $4 billion in project grants, in another massive blow to clean energy and greenhouse gas emissions reduction efforts in the U.S. under President Donald Trump's administration. The grants, largely awarded during former President Joe Biden's final few months in the White House, were primarily for programs to capture carbon emissions and store them underground. Other targeted efforts span cleaner cement, natural gas and more. Some of the 24 canceled awards include $500 million to Heidelberg Materials US, Inc.; $375 million to Eastman Chemical Company; $95 million to Nevada Gold Mines, LLC; and $270 million to Sutter CCUS, among others, according to a list provided by the Department of Energy. Sublime Systems, which lost an $87 million grant, was 'surprised and disappointed,' the company said in a statement. 'Today's action is bad for U.S. competitiveness in the global market and also directly contradictory to the administration's stated goals of supporting energy production and environmental innovation,' said Conrad Schneider, a senior director at the Clean Air Task Force. It 'undercuts U.S. competitiveness at a time when there is a growing global market for cleaner industrial products and technologies.' The news was a swift follow-up to plans the Energy Department announced earlier this month to review 179 funded projects, totaling over $15 billion, that were awarded by the Office of Clean Energy Demonstrations created under the 2021 bipartisan infrastructure law. It is part of Wright's pledge to ensure 'responsible' spending — aligning with the government's broader efficiency and cost-cutting measures, such as those recommended by the Department of Government Efficiency, which has significantly impacted federal research, workers and agencies. 'While the previous administration failed to conduct a thorough financial review before signing away billions of taxpayer dollars, the Trump administration is doing our due diligence to ensure we are utilizing taxpayer dollars to strengthen our national security, bolster affordable, reliable energy sources and advance projects that generate the highest possible return on investment," Wright said in Friday's statement. Moreover, the announcement marks the latest of the administration's attacks on clean energy, broadly, and its effort to slash federal support for projects addressing climate change. The Trump administration has taken an ax to Biden-era environmental ambitions, rolled back landmark regulations, withdrawn climate project funding, and instead bolstered support for oil and gas production in the name of an 'American energy dominance' agenda. Steven Nadel, executive director of the American Council for an Energy-Efficient Economy, called the news 'shortsighted.' Carbon capture has been a controversial climate solution, as skeptics say it enables the continued burning of fossil fuels oil, coal and natural gas that emit planet-warming greenhouse gases — including carbon dioxide — and distracts from the need to cut ties with those energy sources altogether. Though investment in the technology has grown, it also remains challenging to scale. Industry decries the news Organizations quickly decried the secretary's actions, stressing that the cancelations don't align with the administration's goals to bolster domestic manufacturing or energy independence. Jessie Stolark, the executive director of the nonpartisan Carbon Capture Coalition, said the news 'is a major step backward" for carbon management technologies, which are 'crucial to meeting America's growing demand for affordable, reliable, and sustainable energy.' 'These projects are not just reducing pollution, they are keeping the U.S. on the cutting edge of manufacturing technology," said Mike Williams, senior fellow on the energy and environment team at public policy and advocacy group the Center for American Progress. "Canceling these important projects will raise energy prices for consumers and sacrifice thousands of high-quality union jobs, all because the president wants to curry favor with Big Oil.' Evan Gillespie, partner at decarbonization organization, Industrious Labs, said the move dismantles the economy and the future of American manufacturing and its workforce. ___ ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
Yahoo
30-05-2025
- Business
- Yahoo
The Department of Energy axes $3.7 billion in clean energy project grants
Energy Secretary Chris Wright said Friday he canceled nearly $4 billion in project grants, in another massive blow to clean energy and greenhouse gas emissions reduction efforts in the U.S. under President Donald Trump's administration. The grants, largely awarded during former President Joe Biden's final few months in the White House, were primarily for programs to capture carbon emissions and store them underground. Other targeted efforts span cleaner cement, natural gas and more. Some of the 24 canceled awards include $500 million to Heidelberg Materials US, Inc.; $375 million to Eastman Chemical Company; $95 million to Nevada Gold Mines, LLC; and $270 million to Sutter CCUS, among others, according to a list provided by the Department of Energy. Sublime Systems, which lost an $87 million grant, was 'surprised and disappointed,' the company said in a statement. 'Today's action is bad for U.S. competitiveness in the global market and also directly contradictory to the administration's stated goals of supporting energy production and environmental innovation,' said Conrad Schneider, a senior director at the Clean Air Task Force. It 'undercuts U.S. competitiveness at a time when there is a growing global market for cleaner industrial products and technologies.' The news was a swift follow-up to plans the Energy Department announced earlier this month to review 179 funded projects, totaling over $15 billion, that were awarded by the Office of Clean Energy Demonstrations created under the 2021 bipartisan infrastructure law. It is part of Wright's pledge to ensure 'responsible' spending — aligning with the government's broader efficiency and cost-cutting measures, such as those recommended by the Department of Government Efficiency, which has significantly impacted federal research, workers and agencies. 'While the previous administration failed to conduct a thorough financial review before signing away billions of taxpayer dollars, the Trump administration is doing our due diligence to ensure we are utilizing taxpayer dollars to strengthen our national security, bolster affordable, reliable energy sources and advance projects that generate the highest possible return on investment," Wright said in Friday's statement. Moreover, the announcement marks the latest of the administration's attacks on clean energy, broadly, and its effort to slash federal support for projects addressing climate change. The Trump administration has taken an ax to Biden-era environmental ambitions, rolled back landmark regulations, withdrawn climate project funding, and instead bolstered support for oil and gas production in the name of an 'American energy dominance' agenda. Steven Nadel, executive director of the American Council for an Energy-Efficient Economy, called the news 'shortsighted.' Carbon capture has been a controversial climate solution, as skeptics say it enables the continued burning of fossil fuels oil, coal and natural gas that emit planet-warming greenhouse gases — including carbon dioxide — and distracts from the need to cut ties with those energy sources altogether. Though investment in the technology has grown, it also remains challenging to scale. Industry decries the news Organizations quickly decried the secretary's actions, stressing that the cancelations don't align with the administration's goals to bolster domestic manufacturing or energy independence. Jessie Stolark, the executive director of the nonpartisan Carbon Capture Coalition, said the news 'is a major step backward" for carbon management technologies, which are 'crucial to meeting America's growing demand for affordable, reliable, and sustainable energy.' 'These projects are not just reducing pollution, they are keeping the U.S. on the cutting edge of manufacturing technology," said Mike Williams, senior fellow on the energy and environment team at public policy and advocacy group the Center for American Progress. "Canceling these important projects will raise energy prices for consumers and sacrifice thousands of high-quality union jobs, all because the president wants to curry favor with Big Oil.' Evan Gillespie, partner at decarbonization organization, Industrious Labs, said the move dismantles the economy and the future of American manufacturing and its workforce. 'Killing these projects means more emissions, more pollution, and more people getting sick,' he said. ___ Alexa St. John is an Associated Press climate reporter. Follow her on X: @alexa_stjohn. Reach her at ___ Read more of AP's climate coverage at ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
