Celanese to Increase Global VAM and Acetic Acid Production Through New Capacity and Debottlenecking Projects

Mon, April 30 2018

DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global specialty materials company, today announced acetic acid and vinyl acetate monomer (VAM) capacity expansions and debottlenecking projects at the company’s global manufacturing facilities.

The projects being announced today include:

• Clear Lake, Texas VAM capacity expansion: At the company’s Clear Lake, Texas acetyls manufacturing facility, Celanese is on schedule to start up additional 150kT of annual VAM capacity by the fourth quarter of 2018. Once this additional production capacity is added, the total capacity for VAM at the Clear Lake facility will be 450kT per annum, making it the largest and most efficient VAM plant in the world.
• Global acetic acid and VAM debottlenecking projects: Across our unique, global network of acetyls manufacturing plants, Celanese will implement and translate a series of capital efficient technology oriented process improvement projects that will add 140kT per annum of acetic acid and 150kT per annum of VAM, when required by demand growth, through the year 2020. These proprietary debottlenecking projects will leverage a new generation of Celanese’s AOPlus® acetic acid and VAntagePlus^® VAM manufacturing technologies.

“Today’s announcement exhibits Celanese’s leading acetyl technology and our continued commitment to innovation and productivity within the acetyl chain. To have the ability to add incremental capacity or production volumes as industry growth requires, and do it with an efficient capital outlay, is a hallmark of our industry leadership position,” stated Todd Elliott, senior vice president, Acetyls.

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. 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 2017 net sales of $6.1 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

All registered trademarks are owned by Celanese International Corporation or its affiliates.

Forward-Looking Statements

This release may contain “forward-looking statements,” which include information concerning the company’s 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 “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 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 factors, many of which are beyond the company’s 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’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.

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Celanese
Investor Relations:
Surabhi Varshney, +1 972-443-3078
surabhi.varshney@celanese.com
or
Media Relations – Global:
W. Travis Jacobsen, +1 972-443-3750
william.jacobsen@celanese.com
or
Media Relations Asia (Shanghai):
Helen Zhang, +86 21 3861 9279
lan.zhang@celanese.com
or
Media Relations Europe (Germany):
Jens Kurth, +49(0)69 45009 1574
j.kurth@celanese.com

Source: Celanese Corporation