Celanese expansion in China after CO supply deal
23 Jan 2008
Dallas, January 18, 2008 – Chemical manufacturer Celanese Corp has entered into a long-term supply agreement with Wison to secure availability of carbon monoxide (CO) raw material, to support future expansion at its Nanjing, China, integrated chemical complex. Terms of the deal were not disclosed.
Wison currently supplies CO to the acetic acid facility at the Nanjing complex. The acetic acid facility began operation in mid-2007 and has a capacity of 600 kilotonnes per annum (ktpa). Accordign to Celanese, it can be expanded to 1200 kpta with relatively minor capital investment.
“Our new agreement with Wison secures availability of a critical raw material for future expansion when demand requires,” said John Gallagher, president, Acetyls and Celanese Asia.
When fully operational, the Celanese Nanjing integrated chemical complex will include production facilities for other acetyl products, acetic anhydride and vinyl acetate monomer, as well as facilities for emulsions, polymer production and compounding.
Based in Dallas, Texas, Celanese Corp. operates manufacturing facilities in North America, Europe and Asia and employs around 9000 worldwide. The company reported net 2006 sales of $6.7 billion in 2006, with about 60% generated outside of North America.
