Global reconfiguration project positions company for significant productivity gains, improved cost structure and growth
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will initiate the reconfiguration of its global acetic acid production network through multiple value creation steps.
- Celanese recently announced the planned acquisition of the carbon monoxide production unit from Linde PLC, located at the company’s Clear Lake, Texas site. This acquisition increases our available raw material supply and further enhances the company’s integration position and supports unparalleled operational flexibility.
- In addition, the company today announces that its Clear Lake acetic acid facility will be expanded from 1.3 million tons per annum to approximately 2.0 million tons per annum by late 2021. This project delivers unique network rate flexibility, improved cost structure of the global acetic acid product portfolio and a platform easily expandable by an additional 600 kilo tons per annum.
- The expansion will facilitate productivity options within its global acetic acid network in both Singapore and Nanjing, China, leading to approximately 600 kilo tons per annum of production rationalization and limited net change in total system tonnage.
- These projects will generate approximately $100 million of productivity and efficiency benefits across the platform as completed.
“By reconfiguring our global production capabilities through these capital-efficient, value-creation steps, Celanese will have a more optimized production network supporting our customer base,” said Todd Elliott, Celanese Senior Vice President, Acetyls. “Furthermore, this strengthening of our position in Clear Lake supports the recently completed VAM expansion.”
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.
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