It is the first and only tokenized US T-Bill product globally to receive a rating from the credit ratings agency. OpenEden Group is raising fresh funding to expand use cases for TBILL tokens. SINGAPORE, June 19, 2024 /PRNewswire/ — The global credit rating agency, Moody’s Ratings, has…
Month: June 2024
The wins for sustainability came quickly when Eastman and regional grocer Food City officially launched their new Shop, Recycle, Repeat recycling program in Kingsport, Tennessee.
“We had people bring bag upon bag of plastic,” said Eastman’s Jacquelyn Keeney. “They had been collecting their plastic for weeks since we first announced the program.”
Steve Smith, Food City’s CEO, was among those who brought a bag of plastic from home. On the first day the recycling bin was ready to receive, Smith deposited plastic.
“Seeing the level of support of leadership at Eastman and Food City has been inspiring,” said Meghana Diwanji. “They made sure there were no roadblocks that would prevent this from happening.”
Keeney and Diwanji are key members of an Eastman team that worked with their Food City counterparts to bring plastic recycling to Kingsport. In the first month, the early community response was overwhelming, said Keeney, a circular economy project leader at Eastman. “We’ve collected a lot of plastic so far — 3,000 pounds in the first month,” she said.
How the recycling program works
Three Food City stores in Kingsport have large recycling bins that are clearly wrapped with Shop, Recycle, Repeat information and a QR code that connects to a website with recycling locations, demonstration videos, FAQs and more. Eastman will use a wide range of hard-to-recycle plastic packaging to feed its new molecular recycling plant in Kingsport, one of the largest in the world.
It’s worth bookmarking the Shop, Recycle, Repeat website, as more Food City locations will be added in the future. This program is one prime example of Eastman’s commitment to collaborations that drive community recycling.
Changing the future of recycling
Food City has a growing footprint across the region of Northeast Tennessee and Southwest Virginia and has more than 150 stores in five Southeast states.
“Once we establish the program in Kingsport, we’ll be working to bring this to additional stores throughout our region,” Smith said. “We’re excited about this opportunity, and we’re even more excited to partner with Eastman as they change the future of recycling as we know it.”
The capabilities of the new molecular recycling facility made Shop, Recycle, Repeat possible. Still, Eastman’s facility can recycle so much plastic that items collected in the Food City bins will essentially be a drop in the bucket. Eastman’s new recycling plant can process more than 110,000 tons each year, the equivalent of 11 billion single-use water bottles.
“If we collected 100% of the plastic in the nine Northeast Tennessee counties for a year, it would run our facility for 12 days,” Keeney said. “It’s not a needle mover in terms of the feedstock Eastman needs, but it’s important for the community. That’s what I remember when Food City toured the recycling plant. After the tour, leaders from Food City and Eastman sat down at a table and said, ‘Whatever it takes, we need to do this for the community.’ ”
The project’s pilot phase will not only help the community make a difference in reversing the plastic waste crisis but also provide learnings that Eastman and Food City can apply elsewhere.
“What’s extraordinary about this program is that we can make a difference not only in this community, but also others as this program grows to additional Food City stores,” Keeney said. “We’re going to be able to provide a recycling option to very rural communities that would never otherwise have the opportunity because it’s just not economically sustainable for some municipalities.”
Brad Lich, Eastman executive vice president and chief commercial officer, reiterated an important point. Innovation like Eastman molecular recycling is essential for positive change, but technologies alone aren’t enough. It will take partnerships — like the one between Eastman and Food City — to give our society a recycling system for the modern age.
“We’re happy to call this beautiful area home, and we want to work together to protect what we have here,” Lich said. “That’s why we’re doing what we do at Eastman.”
TAMPA, Fla., June 18, 2024 /PRNewswire/ — Leisure Investment Properties Group (LIPG), a leading commercial brokerage firm specializing in golf courses, marinas, resorts, master-planned communities, RV parks, and boutique hospitality, proudly announces the addition of two distinguished…
BEVERLY, Mass., June 19, 2024 /PRNewswire/ — Carrier Global Corporation, on behalf of its Sensitech business, a world leader in supply chain visibility, has entered into a definitive agreement to acquire the Monitoring Solutions business of Berlinger & Co. AG, a Swiss family-owned…
The petitions call on the Governor, the Attorney General and other state leaders to “step up and use their resources” to save Steward-owned Holy Family Hospital in Haverhill and Nashoba Valley Medical Center in Ayer This event is occurring at the same time communities served by all nine…
CHICAGO, June 19, 2024 /PRNewswire/ — YouCopia® doubles down on egg storage with its new RollDown® Egg Dispenser Double Track, expanding on the success of its RollDown Egg Dispenser, which has captured millions of TikTok and YouTube views since its introduction in 2022. “With twice the…
SAN FRANCISCO, June 19, 2024 /PRNewswire/ — Golden Gate Global (“GGG”), a leading EB-5 investment fund, reports improved processing times for the adjudication of applications for a conditional green card (Form I-526E) by the United States Citizenship and Immigration Services (USCIS)….
STOCKHOLM, June 19, 2024 /PRNewswire/ — Autoliv Inc., plans to publish its Financial Report for the second quarter 2024 on Friday, July 19, 2024 at 12:00 Central European Time (CET). The report will be available at www.autoliv.com In addition, a teleconference will take place the same…
HOUSTON, June 19, 2024 /PRNewswire/ — Investor Loan Source is pleased to announce an expansion of our real estate lending business with the addition of Mortgage Director Minesh Brahmbhatt. This new initiative offers a variety of additional programs from external sources for short and…
SAN DIEGO, June 19, 2024 /PRNewswire/ — If you live in beautiful San Diego, you are lucky enough to live in a popular and dense area that still cares about its citizens’ housing opportunities. From aid to the homeless crisis to providing rental opportunities, and home equity increases…
