Celanese to complete methanol unit in 19 months, fully operational in 21 months; capital cost of less than $700 per ton
Celanese Corporation, a global technology and specialty materials company, announced it has completed construction of its Clear Lake, Texas methanol unit and is now operating at full rates.
This methanol unit is a joint venture between Celanese and Mitsui & Co., Ltd., of Tokyo, Japan and has annual capacity of 1.3 million metric tons.
“Everyone at Celanese is incredibly proud of this accomplishment. This investment provides us with supply certainty for a critical raw material and allows the Acetyl Chain to gain the economic benefit of abundant low-cost U.S. natural gas,” said Mark Rohr, Celanese CEO.
“By leveraging our existing infrastructure and executing a very aggressive project plan, we were able to complete the methanol unit in 19 months and have it fully operational in 21 months with a capital cost of less than $700 per ton. Congratulations to the team for completing the most efficient and economical greenfield methanol plant in recent industry history.”