Eastman Chemical Company : EPA Names Eastman Chemical Company 2013 ENERGY
STAR® Partner of the Year
Eastman becomes the only chemical company to earn award for the second time
KINGSPORT, Tenn., March 5, 2013 - The U.S. Environmental Protection Agency
(EPA) has recognized Eastman Chemical Company (NYSE:EMN) as a 2013 ENERGY STAR
Partner of the Year for strategically managing and improving energy efficiency
during 2012. Through its partnership with the ENERGY STAR program, Eastman has
improved its energy performance, saved money and helped to protect the
environment for future generations.
Eastman is the only chemical company to have the distinction of being named
ENERGY STAR Partner of the Year more than once. In choosing Eastman for the
award, the EPA recognized the company for continuing to build upon its sound
energy management foundation.
"Recognition as ENERGY STAR Partner of the Year for the second consecutive
year is truly an honor," said Jim Rogers, chairman and chief executive officer
of Eastman. "Energy efficiency is one of the global macro trends challenging
the world and Eastman is addressing this challenge through sustainable
solutions that include our own emissions reductions and energy efficiency
efforts, as well as the development of products that enable consumers to
reduce emissions. We are proud of Eastman's partnership with ENERGY STAR and
our energy management achievements."
The ENERGY STAR program provides a proven energy management strategy that has
helped Eastman achieve important reductions in energy use and greenhouse gas
emissions. Key accomplishments of Eastman's award winning energy management
*Improvement in energy intensity by 2.5 percent in 2012 and 7 percent since
*Energy savings in 2012 equal to $8 million and 340 million pounds of
greenhouse gas emissions (equal to emissions from 28,000 cars)
*Receipt of American Chemistry Council (ACC) energy efficiency awards
for seven projects saving over 483,000 MM BTUs and 40,000 tons of greenhouse
*ACC recognition of Eastman's Energy Program with an Exceptional Merit
*Identification of over $7 million in savings opportunities since 2010
using an energy assessment process
*Creation of a corporate-wide best practices program focused on steam leak
repair, which along with an investment of over $2 million for repairs,
resulted in an excellent average payback period of six months
*Placement in the top 5 of the Business sector for the ENERGY STAR® pledge
driver campaign ending on Earth Day 2012 with pledges totaling more than
16 million pounds of greenhouse gas emissions savings
*Expansion of the Corporate Energy Team from 10 to 16 manufacturing sites
as a result of acquiring Solutia Inc.
*Increased employee and public awareness of ENERGY STAR and the importance
of energy efficiency through a company energy fair, participation in
EPA's Battle of the Buildings, and involvement of the corporate
headquarters' city mayor in declaring ENERGY STAR day, and other outreach
Sharon Nolen, manager of Eastman's corporate energy program, added, "Receipt
of this award for a second year reaffirms the ongoing efforts of many to
improve and grow our energy program. The bar is raised higher year after year,
so it is rewarding to see that ENERGY STAR recognizes Eastman's continued
commitment to and results from improved energy management. We value our
partnership with ENERGY STAR, benefitting from both the resources they offer
and the opportunity to collaborate with other ENERGY STAR Partners."
"Superior energy management is our most cost-effective climate strategy and
Eastman continues to exemplify leadership in this category," said Bob
Perciasepe, Acting Administrator, U.S. Environmental Protection Agency.
EPA's annual ENERGY STAR Awards honor organizations that have made outstanding
contributions to protecting the environment through superior energy
efficiency. The award winners are selected from nearly 20,000 partners that
participate in the ENERGY STAR program and will be recognized at an awards
ceremony in Washington, D.C., on March 26, 2013. Over the last 20 years, with
help from ENERGY STAR, American families and businesses have saved more than
$230 billion on utility bills and prevented more than 1.8 billion metric tons
of greenhouse gas emissions.
About Eastman Chemical Company
Eastman is a global specialty chemical company that produces a broad range of
products found in items people use every day. With a portfolio of specialty
businesses, Eastman works with customers to deliver innovative products and
solutions while maintaining a commitment to safety and sustainability. Its
market-driven approaches take advantage of world-class technology platforms
and leading positions in attractive end-markets such as transportation,
building and construction, and consumables. Eastman focuses on creating
consistent, superior value for all stakeholders. As a globally diverse
company, Eastman serves customers in approximately 100 countries and had 2012
pro forma combined revenues, giving effect to the Solutia acquisition, of
approximately $9.1 billion. The company is headquartered in Kingsport,
Tennessee, USA and employs approximately 13,500 people around the world. For
more information, visit www.eastman.com.
About ENERGY STAR
ENERGY STAR was introduced by the U.S. Environmental Protection Agency in 1992
as a voluntary market-based partnership to reduce greenhouse gas emissions
through increased energy efficiency. Today, ENERGY STAR offers businesses and
consumers energy-efficient solutions to save energy, money, and help protect
the environment for future generations. Nearly 20,000 organizations are ENERGY
STAR partners committed to improving the energy efficiency of products, homes,
and buildings. For more information about ENERGY STAR, visit
www.energystar.gov or call toll-free 1-888-STAR-YES (1-888-782-7937).
AREA MEDIA will be invited to a celebration in Kingsport on March 27, at 1:30
pm in the Toy F. Reid Employee Center on Wilcox Drive. Advisory will follow.
Eastman Chemical Company
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information contained therein.
Source: Eastman Chemical Company via Thomson Reuters ONE
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