Celanese accelerates plan begin ethanol production in China

Celanese accelerates plan to begin ethanol production in China

2:55 PM, 17th June 2011
Celanese accelerates plan to begin ethanol production in China
David Weidman, Chairman and CEO, Celanese.

DALLAS, TEXAS: Celanese Corporation will accelerate its original schedule and now expects to begin industrial ethanol production in China earlier than previously announced. In addition to the company’s previously announced plans for one and possibly two, greenfield units, the company plans to modify and enhance its existing integrated acetyl facility at the Nanjing Chemical Industrial Park with its TCX advanced technology.

The modifications would add approximately 200,000 ton of ethanol production capacity by mid-2013, pending approvals and would accelerate the project six to twelve months from its previous plan. The new ethanol production would increase the overall profitability of the site by enhancing the mix of products manufactured with the current capacity of certain critical raw materials available at the site. Total investment for the project is expected to be a fraction of the required capital for a greenfield facility.

“This project acceleration allows us to begin industrial ethanol production significantly earlier than previously anticipated to capture demand growth in China. We continue to progress on our previously announced greenfield options in China to meet our future growth objectives in the ethanol and acetyl industries,” said David Weidman, Chairman and CEO, Celanese. 

© WOC News




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