Celanese Completes Series of Strategic Actions Across its Global Acetyl Chain
Celanese Corporation Celanese Corporation (CE)
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Source: Business Wire
DALLAS & SHANGHAI--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced several strategic milestones at its Clear Lake, Texas, and Nanjing, China, plants to enhance the competitive cost position, sustainable footprint and operational flexibility of the Acetyl Chain (AC) business and allow it to meet future demand growth. These include:The startup of a new 1.3 million ton Clear Lake acetic acid expansion in March 2024, which we believe to be the lowest-cost and lowest-carbon footprint acetic acid facility in the world.1 This milestone builds upon the recently announced and ISCC-certified carbon capture and utilization (CCU) project that increased the capacity of the Fairway Methanol joint venture with Mitsui & Co., Ltd. by 130 kt while capturing 180 kt of CO2 industrial emissions. The low-carbon methanol can provide customers with low-carbon ECO-CC AC and Engineered Materials downstream products for a wide range of con
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