The new plant, a joint venture between Celanese and the Japan based Mitsui & Co, is aimed at ensuring that methanol needs at Celanese are met comfortably in the US market, according to a press release issued by the company.

The construction of the Texas plant, which has a capacity of 1.3 million metric tons, was completed in 19 months, and it was made fully-operational in 21 months with a capital cost of less than $700 per ton, the statement said.

“Everyone at Celanese is incredibly proud of this accomplishment. This investment provides us with supply certainty for a critical raw material and allows the acetyl chain to gain the economic benefit of abundant low-cost US natural gas,” said Mark Rohr, chairman and chief executive officer, Celanese Corporation.

“Congratulations to the team for completing the most-efficient and economical green-field methanol plant in recent industry history,” Rohr said. (MCJ)

Fibre2Fashion News Desk — India