Exhibit 99.1
1601 West LBJ Freeway
Dallas, Texas 75234-6034
Celanese and SABIC Announce Polyacetal Expansion in Middle East
Construction of 50,000 Ton Facility in the Region to Support Future Growth of Polyacetal Industry;
Advantaged Raw Material Position to Support Ibn Sina Joint Venture and POM Production
DALLAS, April 1, 2010 Celanese Corporation (NYSE:CE), a leading, global chemical company, and
Saudi Basic Industries Corporation (SABIC) today announced their National Methanol Co. (Ibn Sina)
joint venture will construct a 50,000 ton polyacetal (POM) production facility in Saudi Arabia.
The investment supports accelerated future growth plans for Celaneses Advanced Engineered
Materials segment, specifically its Ticona Engineering Polymers business, as it delivers innovative
solutions for POM customers; and SABIC, in support of its regional business development.
Engineering and construction of the facility is expected to begin later this year.
Construction of the facility is part of an extension of the Ibn Sina joint venture, which will now
run through 2032. Ibn Sina produces methanol, a key feedstock for POM production, as well as
methyl tertiary-butyl ether (MTBE). Through Ibn Sina, Celanese strengthens its raw material and
energy positions.
Celanese, SABIC and Duke Energy Corporation entered into the Ibn Sina joint venture in 1981.
Celanese and an affiliate of Duke Energy each hold a 25 percent interest in the venture, with the
remaining 50 percent held by SABIC. Upon successful startup of the POM facility, Celaneses
economic interest in Ibn Sina will increase from 25 percent to a total of 32.5 percent, providing
further financial benefits for Celanese. SABICs economic interest will remain unchanged. Over
the past three years, Celanese has received approximately $238 million in dividends from the
venture.
Total
invested capital in the project is expected to be approximately $400 million.
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About Celanese
As a global leader in the chemicals industry, Celanese Corporation makes products essential to
everyday living. Our products, found in consumer and industrial applications, are manufactured in
North America, Europe and Asia. Net sales totaled $5.1 billion in 2009, with approximately 73%
generated outside of North America. Known for operational excellence and execution of its business
strategies, Celanese delivers value to customers around the globe with innovations and
best-in-class technologies. Based in Dallas, Texas, the company employs approximately 7,400
employees worldwide. For more information on Celanese Corporation, please visit the companys
website at
www.celanese.com
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Forward-Looking Statements
This release may contain forward-looking statements, which include information concerning the
companys 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, 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 companys 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 companys
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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Contacts:
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Investor Relations
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Media Relations
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Mark Oberle
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Travis Jacobsen
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Phone: +1 972 443 4464
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Phone: +1 972 443 3750
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Telefax: +1 972 443 8519
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Telefax: +1 972 443 8519
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Mark.Oberle@celanese.com
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William.Jacobsen@celanese.com
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