Celanese TCX® Ethanol Technology Highlighted in U.S., Indonesia Agreement

Thu, August 16 2012

JAKARTA, Indonesia & DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE:CE), a global technology and specialty materials company, today announced its support for the recent State visit to the Republic of Indonesia by U.S. Assistant Secretary for Economic and Business Affairs, Jose W. Fernandez, to meet with economic officials and business representatives to discuss ways to deepen the United States’ economic ties in the region.

Assistant Secretary Fernandez traveled to Jakarta August 7-9 where he met with economic officials and business representatives. While there, Mr. Fernandez participated in a signing ceremony for a Memorandum of Understanding (MoU) with Indonesia’s Director General for International Cooperation, Agus Tjahajana Wirakusumah, as well as the Indonesian Minister of Industry, MS Hidayat, to promote infrastructure investment cooperation.

Demonstrating Celanese’s business advancements in Indonesia, Celanese and Pertamina, the state-owned energy company in Indonesia, were jointly highlighted during the MoU signing ceremony for their recent announcement to advance the development of fuel ethanol projects in Indonesia. In line with its long-term strategy to develop new and renewable energy capabilities, Pertamina has agreed to collaborate exclusively with Celanese to jointly develop synthetic fuel ethanol projects in the Republic of Indonesia utilizing Celanese’s proprietary TCX® ethanol process technology.

“I am gratified by the economic success that we are seeing in Indonesia and the success of the government here to create jobs and opportunities for the Indonesian people in their development. The United States government and U.S. companies want to be a partner in that development,” Fernandez said. “We are equally pleased that Celanese Corporation is working jointly with Indonesian companies such as Pertamina to bring its innovative, advanced technology for the production of ethanol to Indonesia to address the country’s growing need for liquid transportation fuel for the development of new energy sources.”

“The U.S. and Indonesia governments have discussed the possible engagement of U.S. firms in areas such as the manufacturing, energy and transportation sectors, and in fostering green initiatives, among other things,” said MS Hidayat. “The recent agreement with Celanese and Pertamina is an example of this engagement model whereby both the United States and Indonesian governments are working with companies such as Celanese and Pertamina to help achieve Indonesia’s energy-related initiatives.”

“Celanese is pleased that the U.S. is advancing its economic and business interests in Indonesia to promote infrastructure development and investments, and we are encouraged by the opportunities to help Indonesia further its goals to develop new energy sources as demonstrated by our exclusive agreement with Pertamina,” said Steven Sterin, chief financial officer and president of Celanese’s Advanced Fuel Technologies business.

For updates, follow Assistant Secretary Fernandez on Facebook and Twitter @EconEngage.

For updates on Celanese TCX® Technology, follow us on Twitter @CelaneseTCX.

About Celanese

Celanese Corporation is a global technology leader in the production of specialty materials and chemical products that are used in most major industries and consumer applications. Our products, essential to everyday living, are manufactured in North America, Europe and Asia. Known for operational excellence, sustainability and premier safety performance, Celanese delivers value to customers around the globe with best-in-class technologies. Based in Dallas, Texas, the company employs approximately 7,600 employees worldwide and had 2011 net sales of $6.8 billion, with approximately 73% generated outside of North America. For more information about Celanese Corporation and its global product offerings, visit www.celanese.com or the company’s blog at www.celaneseblog.com.

About Celanese TCX^® Technology

Celanese TCX^® Technology, an innovative ethanol production process, helps countries meet their growing transportation fuel needs by converting domestic natural gas and coal feedstocks to liquid fuel and helps countries that seek diverse, secure transportation fuel. For more information, visit www.celanesetcx.com.

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, 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,” “may,” “can,” “could,” “might,” “will” 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, including that any one or more plants will be constructed or will operate on the schedule or with the terms desired by the company. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements contained in this release. These risks and uncertainties include, among other things: changes in general economic, business, political and regulatory conditions; changes in the price and availability of raw materials; the ability to improve productivity by implementing technological improvements; increased price competition and 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; the ability to maintain plant utilization; changes in the degree of intellectual property and other legal protection afforded to our products; compliance and other costs and potential disruption or interruption of production or operations due to accidents, cyber security incidents, terrorism or political unrest or other unforeseen events or delays in construction or operation of facilities; potential liability for remedial actions and increased costs under existing or future environmental regulations, including those relating to climate change; potential liability resulting from pending or future litigation, or from changes in the laws, regulations or policies of governments or other governmental activities in the countries in which we operate; changes in currency exchange rates and interest rates; 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 Corporation
Investor Relations
Jon Puckett, 1-972-443-4965
Telefax: +1-972-443-8519
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