{"id":464627,"date":"2021-03-24T16:33:22","date_gmt":"2021-03-24T20:33:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464627"},"modified":"2021-03-24T16:33:22","modified_gmt":"2021-03-24T20:33:22","slug":"celanese-to-expand-capacity-and-utilize-recycled-co2-for-methanol-production-at-clear-lake-texas-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/celanese-to-expand-capacity-and-utilize-recycled-co2-for-methanol-production-at-clear-lake-texas-facility\/","title":{"rendered":"Celanese to Expand Capacity and Utilize Recycled CO2 for Methanol Production at Clear Lake, Texas Facility"},"content":{"rendered":"

<\/p>\n

Celanese to Expand Capacity and Utilize Recycled CO2 <\/sub>for Methanol Production at Clear Lake, Texas Facility<\/b><\/p>\n

Expansion of methanol production from recycled CO2 <\/sub>supports environmental targets<\/i><\/p>\n

DALLAS–(BUSINESS WIRE<\/a>)–
\nCelanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announces that its Clear Lake, Texas integrated chemical manufacturing facility will begin utilizing recycled carbon dioxide (CO2<\/sub>) as an alternative feedstock in the production of methanol, a key raw material in the manufacture of numerous acetyls products, including acetic acid, vinyl acetate monomer (VAM), ethyl acetate and other derivatives.\n<\/p>\n

\nThis carbon capture and reuse process is expected to produce sustainable methanol with a high capital efficiency at competitive pricing via an expansion of the company\u2019s Fairway joint venture. The methanol production unit at the Clear Lake facility, operated as Fairway Methanol LLC<\/i>, is a manufacturing joint venture between Celanese and Mitsui & Co., Ltd., and will contribute to the sustainability targets of both companies.\n<\/p>\n

\nOnce fully operational, it is expected that by using by-product CO2 <\/sub>in the production of methanol, after a low capital capacity expansion, the 1.62 million metric ton Fairway production unit will eliminate the waste equivalent of approximately 39,000 automobiles per year from U.S. highways, thereby displacing approximately 180,000 metric tons of CO2<\/sub>. Furthermore, an estimated 60 percent of currently vented process CO2 <\/sub>from the entire Clear Lake site will be transformed into sustainable methanol.\n<\/p>\n

\n\u201cCelanese is committed to protecting the Earth\u2019s natural resources and helping our partners and customers do the same,\u201d said Lori Ryerkerk, Celanese Chairman and Chief Executive Officer. \u201cTo underscore our commitment, we are taking strategic steps aimed at reducing our operational impact globally, and the work we are doing with recycled CO2<\/sub> at our Clear Lake facility is a significant step forward for Celanese in our efforts to preserve the environment and be a responsible community partner in the reduction of carbon waste and emissions.\u201d\n<\/p>\n

\nCO2<\/sub> capture and reuse further demonstrates the company\u2019s commitment to sustainability and the potential impact to the broader Celanese portfolio as the company is both a consumer of upstream products and a supplier of sustainable materials to other products within the portfolio. As such, the benefits of CO2<\/sub> capture and reuse can be allocated or derivatized to the company\u2019s engineered materials, acetyl chain or acetate tow product offerings.\n<\/p>\n

About Celanese<\/i><\/b><\/p>\n

Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese’s global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2020 net sales of $5.7 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com<\/a><\/i>. <\/b><\/p>\n

About Fairway Methanol LLC<\/b><\/p>\n

The Clear Lake methanol unit was commissioned<\/a> in October of 2015 as a joint venture between Celanese and Mitsui & Co., Ltd., of Tokyo, Japan (NASDAQ: MITSY), with an annual capacity of 1.3 million metric tons. The unit utilizes abundant, low-cost natural gas in the U.S. Gulf Coast region as a feedstock. The joint venture operates as Fairway Methanol LLC, with both Celanese and Mitsui maintaining a 50\/50 ownership.<\/i><\/p>\n

Forward-Looking Statements: <\/i><\/b>This release may contain \u201cforward-looking statements,\u201d which include information concerning the company\u2019s plans, objectives, goals, strategies, future revenues or performance, capital expenditures and other information that is not historical information. When used in this release, the words \u201coutlook,\u201d \u201cforecast,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cbelieves,\u201d and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company or its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous other factors, many of which are beyond the Company\u2019s control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in the Company\u2019s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210324005876\/en\/<\/a><\/span><\/p>\n

Celanese Contacts: <\/b><\/p>\n

I<\/b>nvestor Relations
\n<\/b>
Brandon Ayache
\n
+1 972 443 8509
\n
brandon.ayache@celanese.com <\/a><\/p>\n

Media Relations \u2013 Global
\n<\/b>
W. Travis Jacobsen
\n
+1 972 443 3750
\n
william.jacobsen@celanese.com<\/a><\/p>\n

Media Relations Europe (Germany)
\n<\/b>
Petra Czugler
\n
+49 69 45009 1206
\n
petra.czugler@celanese.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Other Manufacturing Environment Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Celanese to Expand Capacity and Utilize Recycled CO2 for Methanol Production at Clear Lake, Texas Facility Expansion of methanol production from recycled CO2 supports environmental targets DALLAS–(BUSINESS WIRE)– Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announces that its Clear Lake, Texas integrated chemical manufacturing facility will begin utilizing recycled carbon dioxide (CO2) as an alternative feedstock in the production of methanol, a key raw material in the manufacture of numerous acetyls products, including acetic acid, vinyl acetate monomer (VAM), ethyl acetate and other derivatives. This carbon capture and reuse process is expected to produce sustainable methanol with a high capital efficiency at competitive pricing via an expansion of the company\u2019s Fairway joint venture. The methanol … <\/p>\n

Continue reading “Celanese to Expand Capacity and Utilize Recycled CO2 for Methanol Production at Clear Lake, Texas Facility”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464627","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCelanese to Expand Capacity and Utilize Recycled CO2 for Methanol Production at Clear Lake, Texas Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/celanese-to-expand-capacity-and-utilize-recycled-co2-for-methanol-production-at-clear-lake-texas-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Celanese to Expand Capacity and Utilize Recycled CO2 for Methanol Production at Clear Lake, Texas Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Celanese to Expand Capacity and Utilize Recycled CO2 for Methanol Production at Clear Lake, Texas Facility Expansion of methanol production from recycled CO2 supports environmental targets DALLAS–(BUSINESS WIRE)– Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announces that its Clear Lake, Texas integrated chemical manufacturing facility will begin utilizing recycled carbon dioxide (CO2) as an alternative feedstock in the production of methanol, a key raw material in the manufacture of numerous acetyls products, including acetic acid, vinyl acetate monomer (VAM), ethyl acetate and other derivatives. 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