U.S. Secretary of Energy Chris Wright announced the termination of 24 awards issued by the Office of Clean Energy Demonstrations totaling over $3.7B in taxpayer-funded financial assistance. Among the canceled awards, according to a list provided to Bloomberg by the Energy Department, is $375M to Eastman Chemical (EMN) for a molecular recycling project in Longview, Texas. Shares of Eastman are down 2% to $80.18 in morning trading.
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