Celanese to Acquire Synthesis Gas Production Unit from Linde
January 15 2019 - 8:30AM
Business Wire
Acquisition of syngas unit would provide
additional productivity and growth options in Gulf Coast region
Celanese Corporation (NYSE:CE), a global chemical and specialty
materials company, today announced the signing of a definitive
agreement to acquire a 365 kilo tons per annum synthesis gas
production unit from Linde PLC. The production unit is located at
the Celanese Clear Lake acetyl intermediates manufacturing facility
located in Pasadena, Texas.
“By acquiring this syngas production unit, Celanese will have
the capability of producing a critical raw material for the world’s
largest acetyl intermediates production facility,” said Todd
Elliott, Celanese Senior Vice President, Acetyls. “Linde is
currently the primary carbon monoxide supplier to the Clear Lake
facility, and the acquisition of this synthesis gas production unit
will provide Celanese with future productivity and growth
configuration options.”
Synthesis gas, or syngas, is a mixture of carbon monoxide,
carbon dioxide and hydrogen. Syngas can be produced from
many sources, including natural gas, coal, biomass, or
virtually any hydrocarbon feedstock, by reaction with steam or
oxygen. Syngas is a crucial intermediate resource for the
production of acetic acid, hydrogen, ammonia, methanol, and
synthetic hydrocarbon fuels.
Celanese Corporation and Linde PLC expect to complete the
transaction pending customary closing conditions and regulatory
approvals. Financial details of the deal are not being disclosed at
this time.
About Linde PLC
Linde plc is a leading industrial gas and engineering company
with market capitalization of approximately USD 90 billion (EUR 78
billion) and 2017 pro forma sales of USD 27 billion (EUR 24
billion). The company employs approximately 80,000 people globally
and serves customers in more than 100 countries worldwide. Linde
plc delivers innovative and sustainable solutions to its customers
and creates long-term value for all stakeholders. The company is
making our world more productive by providing products,
technologies and services that help customers improve their
economic and environmental performance in a connected world.
About Celanese
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.
Our businesses use the full breadth of Celanese's global chemistry,
technology and commercial expertise to create value for our
customers, employees, shareholders and the corporation. As we
partner with our customers to solve their most critical business
needs, we strive to make a positive impact on our communities and
the world through The Celanese Foundation. Based in Dallas,
Celanese employs approximately 7,700 employees worldwide and had
2017 net sales of $6.1 billion. For more information about Celanese
Corporation and its product offerings, visit www.celanese.com or
our blog at www.celaneseblog.com.
All registered trademarks are owned by Celanese International
Corporation or its affiliates.
Forward-Looking Statements
This release may contain “forward-looking statements,” which
include information concerning the company’s plans, objectives,
goals, strategies, future revenues or performance, capital
expenditures and other information that is not historical
information. When used in this release, the words “outlook,”
“forecast,” “estimates,” “expects,” “anticipates,” “projects,”
“plans,” “intends,” “believes,” and variations of such words or
similar expressions are intended to identify forward-looking
statements. All forward-looking statements are based upon current
expectations and beliefs and various assumptions. There can be no
assurance that the company or its customers will realize these
benefits or that these expectations will prove correct. There are a
number of risks and uncertainties that could cause actual results
to differ materially from the forward-looking statements contained
in this release. Numerous factors, many of which are beyond the
company’s control, could cause actual results to differ materially
from those expressed as forward-looking statements. Other risk
factors include those that are discussed in the company’s filings
with the Securities and Exchange Commission. Any forward-looking
statement speaks only as of the date on which it is made, and the
company undertakes no obligation to update any forward-looking
statements to reflect events or circumstances after the date on
which it is made or to reflect the occurrence of anticipated or
unanticipated events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20190115005112/en/
CelaneseInvestor RelationsChuck Kyrish+1
972-443-4574chuck.kyrish@celanese.com
Media Relations – GlobalW. Travis Jacobsen+1 972 443
3750william.jacobsen@celanese.com
Media Relations Asia (Shanghai)Helen Zhang+86 21 3861
9279lan.zhang@celanese.com
Media Relations Europe (Germany)Jens Kurth+49(0)69 45009
1574j.kurth@celanese.com
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