Eastman Chemical Company: EPA Honors Eastman Chemical Company with 2014 ENERGY
STAR® Partner of the Year - Sustained Excellence Recognition
KINGSPORT, Tenn., April 3, 2014 - The U.S. Environmental Protection Agency
(EPA) has recognized Eastman Chemical Company (NYSE:EMN) with a 2014 ENERGY
STAR^® Partner of the Year - Sustained Excellence Award for continued
leadership in superior energy management. 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 first chemical company to receive the ENERGY STAR Partner of
the Year - Sustained Excellence Award, EPA's highest ENERGY STAR award.
Eastman was previously named ENERGY STAR Partner of the Year in 2012 and 2013,
the only chemical company to receive the award more than once. In choosing
Eastman for its highest honor, the EPA recognized the company for the speed of
maturity and richness of its energy management program.
"It is truly an honor to be recognized by the EPA with the ENERGY STAR Partner
of the Year - Sustained Excellence Award," said Mark Costa, Chief Executive
Officer of Eastman. "I could not be more proud of the men and women at Eastman
who are committed to energy management. This recognition is confirmation of
Eastman's commitment to maintaining sustainable operations and innovating
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
oImproving energy intensity by nearly three percent, equating to a
reduction in greenhouse gas emissions of 310 million pounds. Since 2008,
Eastman has improved intensity by nearly 8-percent.
oGrowing the corporate capital energy budget to $8 million and allocating a
$3.5 million expense budget for energy efficiency improvements. More than
$2.5 million of this was spent repairing steam leaks, averaging a six
month payback, which continues to be a shared and implemented best
practice across the corporation.
oIntegrating additional manufacturing sites into the corporate energy
oWorking within the company's energy value chain to educate suppliers and
customers on energy efficiency and ENERGY STAR as well as conducting
sustainability audits of 27 strategic suppliers.
"ENERGY STAR's industrial program has been a wonderful resource for us to
continue to grow and improve our energy management program," said Sharon
Nolen, manager of Eastman's corporate energy program. "Working with other
ENERGY STAR Partners allows us to exchange ideas and learn from each other,
benefitting the environment for everyone."
"We want to be good stewards of our company, our environment and our world,"
added Godefroy Motte, Eastman's Chief Sustainability Officer. "Through its
partnership with the ENERGY STAR program, Eastman has improved its energy
performance, saved money and ensured success today and for future
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 16,000 partners that
participate in the ENERGY STAR program and will be recognized at an awards
ceremony in Washington, D.C., on April 29, 2014.
Eastman Chemical Company
Eastman is a global specialty chemicals 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 2013
revenues of approximately $9.4 billion. The company is headquartered in
Kingsport, Tennessee, USA and employs approximately 14,000 people around the
world. For more information, visit www.eastman.com.
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.
Eastman Chemical Company
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Eastman Chemical Company via Globenewswire
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