Celanese Starts Global Acetic Acid Network Productivity Effort with Expansion in USA and Rationalization in
Asia
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.”
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.
Investor Relations
Chuck Kyrish
+1 972-443-4574
chuck.kyrish@celanese.com
Media Relations – Global
W. Travis Jacobsen
+1 972 443 3750
william.jacobsen@celanese.com
Media Relations Asia (Shanghai)
Helen Zhang
+86 21 3861 9279
lan.zhang@celanese.com
Media Relations Europe (Germany)
Jens Kurth
+49(0)69 45009 1574
j.kurth@celanese.com
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