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Chemicals maker Celanese (CE -1.3%) says huge new supplies of U.S. natural gas will enable it to...

  • Thursday, June 14, 2012, 2:08 PM ET
    Chemicals maker Celanese (CE -1.3%) says huge new supplies of U.S. natural gas will enable it to build a new methanol production plant in Texas. The facility, to be built near at its Clear Lake acetyl complex, will have a capacity of 1.3M metric tons/year and is expected to start operations after July 1, 2015. The cost of the new plant is not disclosed.
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    The 2013 natural gas shortage will get them by surprise ... eheh. Though by 2015 things should have stabilized again.
    14 Jun 2012, 02:20 PM Reply Like
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