15 May 2013
Details
Celanese Corporation and Mitsui & Co., Ltd.
have signed an agreement to
establish a 50 :50 joint venture for
the prouduction of methanol
at Celanese's integrated chemical plant in
Clear Lake, Texas, USA.
The planned methanol facility
will have annual capacity of 1.3 million tons
and is expected to begin operation in Mid-2015.
The planned methanol facility will utilize
an abundant, low-cost natural gas in
the U.S. Gulf Coast region as a feedstock
and will benefit from the existing infrastructure at
Celanese's Clear Lake facility.
The total shared capital and expense investment
in the facility is estimated to be approximately $ 800 million.
Celanese's portion of the investment is estimated
to be approximately $ 300 million.
Mitsui
Mitsui will be able to generate additional value
in the gas product chain starting from shale gas reserve
in the U.S. to methanol with Celanese's state-of-the-art
capabilities in manufacturing, operation and safety.
This partnership should be long-term and
be expanded towards further joint projects in the future.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
