28 January 2019
DETAILS
Celanese Corporation (NYSE:CE)
today announced that
it will initiate the reconfiguration of
its global acetic acid production network
through multiple value creation steps.
- Celanese recently announced
the planned acquisition of
the carbon monoxide production unit
from Linde PLC,
located at the company’s Clear Lake, Texas site.
This acquisition increases
our available raw material supply
and further enhances
the company’s integration position
and supports unparalleled operational flexibility. - In addition, the company today announces that
its Clear Lake acetic acid facility
will be expanded from 1.3 million tons per annum
to approximately 2.0 million tons per annum
by late 2021.
This project delivers unique network rate flexibility,
improved cost structure of the global acetic acid
product portfolio and a platform easily expandable
by an additional 600 kilo tons per annum. - The expansion will facilitate productivity options
within its global acetic acid network
in both Singapore and Nanjing, China
leading to approximately 600 kilo tons per annum
of production rationalization
and limited net change in total system tonnage. - These projects will generate approximately
$100 million of productivity and efficiency benefits
across the platform as completed.
Todd Elliott,
Celanese Senior Vice President, Acetyls
“By reconfiguring our global production capabilities
through these capital-efficient, value-creation steps,
Celanese will have a more optimized production network
supporting our customer base,”
“Furthermore, this strengthening of our position
in Clear Lake supports
the recently completed VAM expansion.”
Celanese Contacts:
Investor Relations
Chuck Kyrish
+1 972 443 4574
chuck.kyrish@celanese.com
Media Relations – Global
W. Travis Jacobsen
+1 972 443 3750
william.jacobsen@celanese.com
Media Relations Asia (Shanghai)
Helen Zhang
+86 3861 9279
lan.zhang@celanese.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
