Celanese Endorses Congressman Pete Olson’s Domestic Alternative Fuels Act of 2013

Wed, May 15 2013

Legislation would enable ethanol production from advanced technologies using domestic natural gas

DALLAS & WASHINGTON--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global technology and specialty materials company, has endorsed the Domestic Alternative Fuels Act of 2013, which was introduced today by Representative Pete Olson (R-TX) on the floor of the United States House of Representatives. The bill would amend section 211(o) of the Clean Air Act to allow fuel blenders to use domestic alternative fuels to satisfy their obligations under the federal Renewable Fuels Standard (RFS). Specifically, the bill would allow ethanol produced from natural gas to help meet the current RFS requirement in addition to conventional biofuel (corn-based ethanol).

Rep. Olson’s bill, the Domestic Alternative Fuels Act of 2013, is co-sponsored by Rep. Jim Costa (D-CA) and has bipartisan support in the United States House of Representatives. Rep. Olson and Rep. Costa are joined by 15 original co-sponsors, including: Rep. Barton (R-TX), Rep. Cole (R-OK), Rep. Crawford (R-AR), Rep. Cuellar (D-TX), Rep. Fahrenthold (R-TX), Rep. Flores (R-TX), Rep. Green (D-TX), Rep. Griffin (R-AR), Rep. Hall (R-TX), Rep. Morino (R-PA), Randy Neugerbauer (R-TX), Rep. Poe (R-TX), Rep. Schrader (D-OR), Rep. Vela (D-TX), and Rep. Welch (D-VT).

John Fotheringham, General Manager of Celanese’s Advanced Fuel Technologies business, issued the following endorsement of this legislative development.

“The United States needs an ‘all-of-the-above’ energy policy that develops and utilizes every available source of American energy. With such a policy, all cost-efficient and environmentally advantaged liquid fuel solutions will be allowed to compete with existing ethanol technology. Rep. Olson’s bill promotes the use of the United States’ abundant natural resources, free market economics and technical innovation to achieve America’s critical energy security goals and drive economic growth as well as job creation for years to come.”

Ethanol Production from Alternative Sources

Many companies are developing advanced technologies to produce ethanol from non-biomass feedstocks. Celanese has developed an innovative and advantaged technology that produces commercial scale volumes of ethanol from natural gas. This advanced technology, called Celanese TCX® Technology, is the company’s proprietary process for the production of fuel- and industrial-grade ethanol.

About Celanese TCX®

Celanese is helping to meet the world’s increasing need for consistent, high-quality ethanol with its innovative Celanese TCX® ethanol process technology. Using basic hydrocarbons – not food crops – as feedstock, the innovative Celanese thermochemical process technology is built on the company’s industry-leading acetyl platform and integrates new technologies. Celanese TCX® process technology is ideal for producing ethanol for the fuels market as well as industrial-grade applications such as paints, coatings, inks and pharmaceuticals. Visit www.celanesetcx.com for more information.

About Celanese

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. With sales almost equally divided between North America, Europe and Asia, the company uses the full breadth of its global chemistry, technology and business expertise to create value for customers and the corporation. Celanese partners with customers to solve their most critical needs while making a positive impact on its communities and the world. Based in Dallas, Texas, Celanese employs approximately 7,600 employees worldwide and had 2012 net sales of $6.4 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

Forward-Looking Statements

This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, plants, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” 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’s control, could cause actual results to differ materially from those expressed as forward-looking statements. These risks and uncertainties include, among other things: changes in political and regulatory conditions; changes in the price and availability of raw materials; the introduction of competing products by other companies; market acceptance of our technology; the ability to obtain governmental approvals and to construct facilities on terms and schedules acceptable to the company; unavailability of required materials and equipment; unanticipated operational or commercial difficulties, including failure of facilities or processes to operate in accordance with specifications or expectations; the ability to achieve and maintain plant utilization; the cost or availability of capital necessary to fund plant construction; changes in the degree of intellectual property and other legal protection afforded to our products or technology, or the theft of such intellectual property; delays in construction or operation of facilities, including the occurrence of acts of war or terrorist incidents or as a result of weather or natural disasters; potential liability resulting from changes in the laws, regulations or policies of governments; and various other factors discussed from time to time in the company’s 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.

Celanese® is a registered trademark of Celanese International Corporation.

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Celanese Corporation
Investor Relations
Jon Puckett, +1-972-443-4965
Telefax: +1-972-332-9373
jon.puckett@celanese.com
or
Media Relations
Travis Jacobsen, +1-972-443-3750
Telefax: +1-972-443-8519
william.jacobsen@celanese.com

Source: Celanese Corporation