{"id":799266,"date":"2025-01-09T09:03:50","date_gmt":"2025-01-09T14:03:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cloverdale-paint-and-celanese-partner-to-offer-sustainable-paint-solutions-created-with-carbon-capture-technology\/"},"modified":"2025-01-09T09:03:50","modified_gmt":"2025-01-09T14:03:50","slug":"cloverdale-paint-and-celanese-partner-to-offer-sustainable-paint-solutions-created-with-carbon-capture-technology","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cloverdale-paint-and-celanese-partner-to-offer-sustainable-paint-solutions-created-with-carbon-capture-technology\/","title":{"rendered":"Cloverdale Paint and Celanese Partner to Offer Sustainable Paint Solutions Created with Carbon Capture Technology"},"content":{"rendered":"

<\/p>\n

Cloverdale Paint and Celanese Partner to Offer Sustainable Paint Solutions Created with Carbon Capture Technology<\/b><\/p>\n

DALLAS–(BUSINESS WIRE<\/a>)–
\nCloverdale Paint has announced a partnership with Celanese Corporation, a global specialty materials and chemical company, that will leverage its carbon capture and utilization (CCU) technology to provide Cloverdale Paint with new to market sustainable paint solutions.<\/p>\n

\nCelanese has commercialized an approach for converting waste emissions into renewable feedstocks through CCU. The technology takes industrial CO2<\/sub> emissions that would otherwise be emitted into the atmosphere and applies hydrogen to chemically convert the captured CO2<\/sub> into a methanol building block which makes up part of vinyl acetate-based emulsions used as a raw material in the manufacturing of paints. This process reduces input fossil fuels, promotes a circular economy, and significantly reduces carbon emissions compared to traditional processes. CCU and fossil-fuel based feedstocks are commingled but accurately tracked through mass balance accounting, fostering transparency and accountability around sustainable content.<\/p>\n

\nCloverdale Paint\u2019s collaboration with Celanese leverages both companies\u2019 commitments to sustainability and innovation. Broadly, this collaboration is expected to utilize more than 1 million pounds of CO2<\/sub> emissions per year in products Cloverdale Paint manufactures.<\/p>\n

\n\u201cOur Green Guarantee showcases our commitment to a greener economy and environmental accountability through utilizing sustainable materials, optimizing processes to minimize waste, and reducing our carbon footprint throughout every phase of the company\u2019s operations,\u201d said Darrin Noble, president and chief operating officer, Cloverdale Paint. \u201cOur coatings are formulated not only for performance and longevity but also with a steadfast focus on sustainability, ensuring they actively contribute to environmental conservation. We uphold the highest environmental standards while delivering exceptional products that enable environmentally responsible choices. Partnering with Celanese is a significant step forward not just for Cloverdale Paint, but the paint industry as a whole.\u201d<\/p>\n

\n\u201cWe are pleased to collaborate with Cloverdale Paint and harness the power of CCU to accelerate low-carbon options across an industry that plays a critical role in everyday life,\u201d said Kevin Norfleet, global sustainability director, Acetyls, Celanese. \u201cThis illustrates just one example of the potential opportunity from CCU as a strong option to reduce the carbon footprint of products while also creating a more circular economy.\u201d<\/p>\n

\nFor more information about the Celanese CCU technology, please visit https:\/\/www.youtube.com\/watch?v=ol7NoGpjFVo<\/a>. Further details about Cloverdale Paint can also be found at https:\/\/www.cloverdalepaint.com\/about-us-overview\/about-us\/vision-value\/environment<\/a>.<\/p>\n

About Celanese
\n
<\/i><\/b>Celanese<\/a> is a 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 our customers, employees and shareholders. We support sustainability<\/a> by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion.<\/p>\n

Forward-Looking Statements
\n
<\/i><\/b>This release may contain \u201cforward-looking statements,\u201d which include information concerning the company\u2019s plans, objectives, goals, future financial and other performance, expected future costs 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 will realize these expectations or that these beliefs 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 factors, many of which are beyond the company\u2019s control, could cause actual results to differ materially from those expressed as forward-looking statements. These factors include the inability to obtain regulatory approvals of the transaction and satisfy conditions on the proposed terms and schedule and the possibility that the transaction does not close. Certain of these risk factors are discussed under the heading \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date the statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.<\/p>\n

About Cloverdale Paint Inc.
\n
<\/i><\/b>Cloverdale Paint is the largest family-owned coatings company in North America. Directly, and through a US-based subsidiary in Portland, Oregon (Rodda Paint Company), Cloverdale Paint operates manufacturing plants in Surrey, Calgary, Winnipeg, London, Oakville, Mississauga, Montr\u00e9al and Portland. Distribution of architectural and industrial coatings and related products is through 139 corporate service centers and over 250 Independent Dealers throughout Canada and the Pacific Northwest of the United States. Cloverdale Paint is active in many Industrial markets, including Agricultural and Construction equipment, Fleet coatings, Power Transmission and Distribution, Coil Coatings, Forestry, Industrial Maintenance, Protective Coatings for industry.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250109646986\/en\/<\/a><\/span><\/p>\n

Celanese Contacts:
\n<\/b>
Investor Relations
\n<\/b>
Bill Cunningham
\n
+1 972 443 4730
\n
william.cunningham@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

Cloverdale Paint Contact:
\n<\/b>
President & COO
\n<\/b>
Darrin Noble
\n
+1 604 596 6261
\n
dnoble@cloverdalepaint.com<\/a><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Environment Manufacturing Sustainability Green Technology Environmental Health<\/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":"

Cloverdale Paint and Celanese Partner to Offer Sustainable Paint Solutions Created with Carbon Capture Technology DALLAS–(BUSINESS WIRE)– Cloverdale Paint has announced a partnership with Celanese Corporation, a global specialty materials and chemical company, that will leverage its carbon capture and utilization (CCU) technology to provide Cloverdale Paint with new to market sustainable paint solutions. Celanese has commercialized an approach for converting waste emissions into renewable feedstocks through CCU. The technology takes industrial CO2 emissions that would otherwise be emitted into the atmosphere and applies hydrogen to chemically convert the captured CO2 into a methanol building block which makes up part of vinyl acetate-based emulsions used as a raw material in the manufacturing of paints. This process reduces input fossil fuels, … <\/p>\n

Continue reading “Cloverdale Paint and Celanese Partner to Offer Sustainable Paint Solutions Created with Carbon Capture Technology”<\/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-799266","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCloverdale Paint and Celanese Partner to Offer Sustainable Paint Solutions Created with Carbon Capture Technology - 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\/cloverdale-paint-and-celanese-partner-to-offer-sustainable-paint-solutions-created-with-carbon-capture-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cloverdale Paint and Celanese Partner to Offer Sustainable Paint Solutions Created with Carbon Capture Technology - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cloverdale Paint and Celanese Partner to Offer Sustainable Paint Solutions Created with Carbon Capture Technology DALLAS–(BUSINESS WIRE)– Cloverdale Paint has announced a partnership with Celanese Corporation, a global specialty materials and chemical company, that will leverage its carbon capture and utilization (CCU) technology to provide Cloverdale Paint with new to market sustainable paint solutions. Celanese has commercialized an approach for converting waste emissions into renewable feedstocks through CCU. The technology takes industrial CO2 emissions that would otherwise be emitted into the atmosphere and applies hydrogen to chemically convert the captured CO2 into a methanol building block which makes up part of vinyl acetate-based emulsions used as a raw material in the manufacturing of paints. 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