{"id":732763,"date":"2023-02-20T16:33:24","date_gmt":"2023-02-20T21:33:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/celanese-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton\/"},"modified":"2023-02-20T16:33:24","modified_gmt":"2023-02-20T21:33:24","slug":"celanese-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/celanese-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton\/","title":{"rendered":"Celanese Completes EVA Capacity Expansion at Acetyl Chain Facility in Edmonton"},"content":{"rendered":"

<\/p>\n

Celanese Completes EVA Capacity Expansion at Acetyl Chain Facility in Edmonton<\/b><\/p>\n

DALLAS–(BUSINESS WIRE<\/a>)–
\nCelanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced today the completion of an ultra-low capital project to repurpose existing manufacturing and infrastructure assets to unlock additional ethylene vinyl acetate (EVA) capacity at its Edmonton, Alberta facility. The expansion supports significant growth in the Acetyl Chain\u2019s downstream vinyls portfolio.\n<\/p>\n

\n\u201cThe rapidly increasing demand for sustainable energy sources throughout the world, such as solar and wind power, continues to play an important role in global demand growth for EVA,\u201d said Richard Jacobs, senior director, EVA polymers. \u201cDemand for EVA in solar applications is anticipated to grow at a double-digit compounded annual rate through 2028, making the EVA industry one of the fastest growing products in our Acetyl Chain portfolio.\u201d\n<\/p>\n

\nThe expansion provides approximately 35 percent incremental EVA capacity starting in the first quarter of 2023. The project is expected to deliver approximately $10 million per year in additional operating EBITDA across the integrated acetyl value chain with the earnings contributions ramping across the second quarter.\n<\/p>\n

\nThe Acetyl Chain\u2019s reactor capabilities and unique footprint allow for a more customized approach to product manufacturing with the flexibility to produce a full range of EVA products to serve demand in growing solar applications, wire and cables, food packaging, medical devices and drug delivery solutions. Celanese EVA products are sold under the product names including Ateva\u00ae EVA and Ateva G Medical Grade\u00ae.\n<\/p>\n

\n\u201cWe continue to strengthen Celanese as an industry leader in the acetyls and derivatives space,\u201d said Mark Murray, senior vice president, Acetyl Chain. \u201cThis EVA expansion enhances our downstream optionality to capture growth in high-value applications and to deliver on our commitment to be a preferred partner of our customers.\u201d\n<\/p>\n

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

Celanese is the preeminent global leader in chemistry, producing specialty material solutions<\/a> used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for customers, employees, shareholders and the corporation. We are committed to sustainability<\/a> by responsibly managing the materials we create for their entire lifecycle. We make a positive impact in our communities through the Celanese Foundation<\/a> and prioritize diversity, equity and inclusion across our teams. Celanese is a Fortune 500 company that employs approximately 13,000 employees worldwide with 2021 net sales of $8.5 billion. For more information, visit www.celanese.com<\/a>.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230220005284\/en\/<\/a><\/span><\/p>\n

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

Media Relations \u2013 Global
\n<\/b>
Brian Bianco
\n
+1 972 443 4400
\n
media@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> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Alternative Energy Chemicals\/Plastics Energy Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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Celanese Completes EVA Capacity Expansion at Acetyl Chain Facility in Edmonton DALLAS–(BUSINESS WIRE)– Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced today the completion of an ultra-low capital project to repurpose existing manufacturing and infrastructure assets to unlock additional ethylene vinyl acetate (EVA) capacity at its Edmonton, Alberta facility. The expansion supports significant growth in the Acetyl Chain\u2019s downstream vinyls portfolio. \u201cThe rapidly increasing demand for sustainable energy sources throughout the world, such as solar and wind power, continues to play an important role in global demand growth for EVA,\u201d said Richard Jacobs, senior director, EVA polymers. \u201cDemand for EVA in solar applications is anticipated to grow at a double-digit compounded annual rate through 2028, making … <\/p>\n

Continue reading “Celanese Completes EVA Capacity Expansion at Acetyl Chain Facility in Edmonton”<\/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-732763","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCelanese Completes EVA Capacity Expansion at Acetyl Chain Facility in Edmonton - 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-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Celanese Completes EVA Capacity Expansion at Acetyl Chain Facility in Edmonton - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Celanese Completes EVA Capacity Expansion at Acetyl Chain Facility in Edmonton DALLAS–(BUSINESS WIRE)– Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced today the completion of an ultra-low capital project to repurpose existing manufacturing and infrastructure assets to unlock additional ethylene vinyl acetate (EVA) capacity at its Edmonton, Alberta facility. The expansion supports significant growth in the Acetyl Chain\u2019s downstream vinyls portfolio. \u201cThe rapidly increasing demand for sustainable energy sources throughout the world, such as solar and wind power, continues to play an important role in global demand growth for EVA,\u201d said Richard Jacobs, senior director, EVA polymers. \u201cDemand for EVA in solar applications is anticipated to grow at a double-digit compounded annual rate through 2028, making … Continue reading "Celanese Completes EVA Capacity Expansion at Acetyl Chain Facility in Edmonton"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/celanese-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-20T21:33:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230220005284r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Celanese Completes EVA Capacity Expansion at Acetyl Chain Facility in Edmonton\",\"datePublished\":\"2023-02-20T21:33:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton\\\/\"},\"wordCount\":459,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230220005284r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-eva-capacity-expansion-at-acetyl-chain-facility-in-edmonton\\\/\",\"name\":\"Celanese Completes EVA Capacity Expansion at Acetyl Chain Facility in Edmonton - 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