The blackstone bid for celanese ag

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The blackstone bid for celanese ag

Ticona is to add an integrated compounding unit at the recently opened plant of its parent company Celanese at Nanjing, in China, further extending its strong position in the Asian market.

Construction is slated to begin in the first half ofand the facility is projected to be operational in The GUR unit successfully began commercial operations in July A compounding unit is scheduled to be operational in early The investment will support continued growth plans for the Celanese Emulsion Polymers business throughout Asia, including China, India and Southeast Asia and Australia.

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We recognize the importance of planning for the future growth of our Emulsions business and are preparing for growth by building upon our past success at our Nanjing facility. EcoVAE emulsions, introduced inare high-performing binders used in low odor, low VOC, environmentally-friendly paints and coatings.

The blackstone bid for celanese ag

In addition, the emulsions expansion will support many industries including adhesives, waterproofing, building and construction. Dec 3, Celanese Corporation Celanese Signs MOU with China National Tobacco Corporation to Expand Flake and Tow Capabilities at Nantong Facility Celanese Corporation, a leading, global chemical company, today announced it has previously signed a memorandum of understanding with its acetate joint venture partner, the China National Tobacco Corporation, to expand flake and tow capacities at its joint venture facility in Nantong, China.

Additionally, a feasibility study has been completed by the partners and the expansion project is currently under review and is awaiting final approval by the appropriate Chinese government agencies. Celanese Corporation, a global technology and specialty materials company, today announced its intention to construct manufacturing facilities in China and the U.

Initial annual production capacity of each complex is expected to be approximatelytons. The company could begin industrial ethanol production within 30 months after project approvals. The China units would utilize coal as the primary raw material.

Celanese also intends to build an approximately 40, ton industrial ethanol production unit at its Clear Lake, Texas, facility for either internal use or merchant demand.

The unit will also support continuing technology development efforts over the next several years. Following approvals, construction of the unit is anticipated to begin in mid and to be completed by the end of The Clear Lake facility would utilize natural gas as its primary raw material.

If use coal as the primary feedstock, the syngas to ethanol will have 3 steps: The company is pursuing approval at two locations to ensure its ability to effectively grow with future demand. Industrial ethanol is used in chemical and industrial applications for the manufacture of paints, coatings, inks and pharmaceuticals.

About Celanese Celanese Corporation is a global technology leader in the production of specialty materials and chemical products which 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. For more information about Celanese Corporation and its global product offerings, visit www.

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Celanese and Blackstone will own 70% and 30% of the JV, respectively.

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JV to distribute $ billion in cash to Celanese at close. Transaction to be earnings per share neutral for Celanese in the first year and accretive thereafter. 13 Mins Ago. The companies signed up for $ billion in new loans, leases and lines of credit last month, up from $ billion a year earlier, the Equipment Leasing and Finance Association said.

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The blackstone bid for celanese ag

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