Home / Knowledge / News / Textiles / Celanese to explore setting up methanol plant with Mitsui
Celanese to explore setting up methanol plant with Mitsui
21
Apr '15
Specialty materials manufacturer Celanese Corporation will explore to set up a joint venture for producing methanol at its facility in Bishop, Texas with Mitsui & Co Ltd from Japan.

According to a Celanese press release, the potential methanol unit expected to have an annual capacity of 1.3 million tons, would leverage the design benefits of the Clear Lake, Texas methanol unit that is under construction.

Celanese has filed for air permits for the methanol unit and a final decision to build the unit will consider several factors, including prevailing methanol market conditions as well as construction costs.

The companies also entered into an amended five year arrangement for Celanese to purchase methanol from Mitsui, from their joint venture in Clear Lake, Texas, which is expected to start in October 2015.

“Together with Mitsui, we will explore the benefits of an additional methanol unit to ensure our long-term and competitive supply of methanol,” said Mark Rohr, chairman at Celanese Corporation.

“The supply agreement, along with our own methanol production at Clear Lake, Texas, will ensure that we are balanced in our US methanol needs, but will not completely offset our methanol-related earnings headwinds,” he added.

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.

With sales almost equally divided between North America, Europe and Asia, the company uses the full breadth of its global chemistry, technology and business expertise to create value for customers.

Based in Dallas, Texas, Celanese employs approximately 7,500 employees worldwide and had 2014 net sales of $6.8 billion. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Walmart

Apparel/Garments | On 23rd Mar 2017

Walmart acquires ModCloth

Walmart has acquired the assets and operations of ModCloth, one of...

Textiles | On 23rd Mar 2017

SIMA advises mills to avoid panic buying of cotton

The Southern India Mills' Association (SIMA) is advising mills to...

Apparel/Garments | On 23rd Mar 2017

Tulip Retail, True Fit personalise in-store shopping

Tulip Retail, a mobile application platform built exclusively for...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search