Celanese to expand Clear Lake methanol output, adding 1.7M mt supply

|About: Celanese Corporation (CE)|By:, SA News Editor

Celanese (NYSE:CE) says it plans to significantly expand methanol production capacity at the Clear Lake acetyl intermediates plant in Pasadena, Tex.

CE says it recently won approvals from Fairway Methanol - CE's 50/50 joint venture with Mitsui (OTCPK:MITSF) - for a second phase expansion, which will increase production to 1.7M mt/year, ~125% of the original nameplate capacity.

In parallel with this expansion, CE and Mitsui say they evaluate additional cost effective expansion options for the Clear Lake methanol unit.

On watch: MEOH

Subscribe for full text news in your inbox