Celanese

Celanese Signs Technology Licensing Agreement for Acetic Acid Route to Acrylic Acid

Monday, June 1, 2020 - 1:00pm

Celanese and SWCHEM are jointly developing an innovative technology of producing acrylic acid with the process of acetic acid formaldehyde condensation based on Celaneses original proprietary research in this field.

Key Points: 
  • Celanese and SWCHEM are jointly developing an innovative technology of producing acrylic acid with the process of acetic acid formaldehyde condensation based on Celaneses original proprietary research in this field.
  • I am delighted that the collaboration between Celanese and SWCHEM has enabled us to reach such a critical milestone in the development of this new technology to produce acrylic acid from acetic acid.
  • This could create additional demand for acetic acid while also improving the supply options for acrylic acid consumers, said John Fotheringham, Senior Vice President of Celaneses Acetyls business.
  • The successful commercialization of this technology will promote organic growth of the acetic acid industry and LUNAN is proud to be part of this effort.

Celanese Files Anti-Dumping Petition With the European Commission Against Korea Petrochemical Industry Co., Ltd.

Tuesday, May 26, 2020 - 1:00pm

With its unique quality, global manufacturing network, and decades of experience producing GUR, Celanese is highly committed to this business across all market segments and regions.

Key Points: 
  • With its unique quality, global manufacturing network, and decades of experience producing GUR, Celanese is highly committed to this business across all market segments and regions.
  • Celanese values the long-term, strategic customer relationships it maintains in the European region, but the market requires a fair and sustainable price level to support these customers long term.
  • Under European law, a domestic industry can petition the government to initiate an anti-dumping investigation into the pricing of an imported product to determine whether it is sold at less than fair value (i.e., dumped).
  • The preliminary anti-dumping rates can change in the European Commissions final determination, especially if foreign producers participate fully in the investigation.

Celanese Announces Acetyl Intermediates Price Increases

Friday, May 22, 2020 - 11:00pm

Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications.

Key Points: 
  • Celanese Corporation is a global chemical 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.
  • Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2019 net sales of $6.3 billion.
  • For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com .

Celanese Signs Agreement to Supply Ethylene-Based Vinyl Acetate Monomer (VAM) to Wanwei

Friday, May 8, 2020 - 1:00pm

Under the terms of the agreement, Celanese will supply Wanwei with its ethylene-based VAM, which has been recognized by the China Petroleum and Chemical Industry Federation (CPCIF) as an environmentally sustainable product.

Key Points: 
  • Under the terms of the agreement, Celanese will supply Wanwei with its ethylene-based VAM, which has been recognized by the China Petroleum and Chemical Industry Federation (CPCIF) as an environmentally sustainable product.
  • Celanese and Wanwei have been business partners for more than 10 years, said Mr. Wu Fu Sheng, President of Wanwei, This agreement marks another milestone of the two companies in long-term cooperation.
  • VAM is also used to make ethylene vinyl alcohol (EVOH) resins and ethylene vinyl acetate (EVA) copolymers.
  • Celanese expects to supply Wanwei with VAM from its world-scale chemical industrial facility located in Nanjing, China.

Celanese Corporation to Participate in the Virtual Goldman Sachs Industrials and Materials Conference

Thursday, May 7, 2020 - 9:15pm

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that Lori Ryerkerk, chairman of the board and chief executive officer, and Scott Richardson, executive vice president and chief financial officer, will participate in the virtual Goldman Sachs Industrials and Materials Conference on Thursday, May 14, 2020, at 1:00 p.m. Eastern time.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that Lori Ryerkerk, chairman of the board and chief executive officer, and Scott Richardson, executive vice president and chief financial officer, will participate in the virtual Goldman Sachs Industrials and Materials Conference on Thursday, May 14, 2020, at 1:00 p.m. Eastern time.
  • A webcast of the fireside discussion and replay of the webcast will be available at investors.celanese.com on the Events Calendar page.
  • Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications.
  • For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com .

COVID-19 Impact on Medical Plastics Market - Exclusive Report by MarketsandMarkets™

Friday, April 24, 2020 - 1:00pm

The medical plastics market in Europe has immense demand potential driven by the increasing requirement for ventilators, respirators, thermal scanners, and other patient care systems.

Key Points: 
  • The medical plastics market in Europe has immense demand potential driven by the increasing requirement for ventilators, respirators, thermal scanners, and other patient care systems.
  • In addition, growth in the requirement of PPEs will also drive demand for medical plastics in the region.
  • SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium), and Covestro (Germany) are some of the leading medical plastics market players benefitting due to rise in demand because of COVID-19.
  • Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM".

COVID-19 Impact on Medical Plastics Market - Exclusive Report by MarketsandMarkets™

Friday, April 24, 2020 - 1:00pm

The medical plastics market in Europe has immense demand potential driven by the increasing requirement for ventilators, respirators, thermal scanners, and other patient care systems.

Key Points: 
  • The medical plastics market in Europe has immense demand potential driven by the increasing requirement for ventilators, respirators, thermal scanners, and other patient care systems.
  • In addition, growth in the requirement of PPEs will also drive demand for medical plastics in the region.
  • SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium), and Covestro (Germany) are some of the leading medical plastics market players benefitting due to rise in demand because of COVID-19.
  • Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM".

Chief Executive Officer Lori Ryerkerk Named Chairman

Thursday, April 16, 2020 - 1:00pm

Lori Ryerkerk, President and Chief Executive Officer, has been elected by the Board to succeed Rohr as Chairman following the companys Annual Meeting today.

Key Points: 
  • Lori Ryerkerk, President and Chief Executive Officer, has been elected by the Board to succeed Rohr as Chairman following the companys Annual Meeting today.
  • Rohr was appointed Executive Chairman of Celanese in May 2019, following his tenure as Chairman, President and CEO since April 2012.
  • Having completed a successful onboarding and transition of all leadership responsibilities to Ryerkerk, Rohr felt now was the right time to retire.
  • Ryerkerk said, I am honored to have been chosen to succeed Mark as the Chairman of the Board of this extraordinary company.

Celanese Corporation Declares Quarterly Dividend of $0.62 per share

Wednesday, April 15, 2020 - 10:45pm

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, declared a quarterly cash dividend of $0.62 per share on its common stock, payable May 7, 2020.

Key Points: 
  • Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, declared a quarterly cash dividend of $0.62 per share on its common stock, payable May 7, 2020.
  • The dividend is payable to stockholders of record as of April 27, 2020.
  • Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications.
  • For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com .

Celanese Launches Sustainability on Celanese.com

Thursday, April 9, 2020 - 9:45pm

Recently, Celanese was awarded the ENERGY STAR Partner of the Year Sustained Excellence Award for 2020.

Key Points: 
  • Recently, Celanese was awarded the ENERGY STAR Partner of the Year Sustained Excellence Award for 2020.
  • Also of late, Celanese acquired Elotex , a portfolio of redispersible polymer powders that helps to improve the sustainability of building materials.
  • Celanese also formed an ESG Council made up of senior leaders from key ESG-related functional and business areas with special representation from its regional leadership.
  • Even during these challenging times, it is important to help stakeholders stay informed of the actions Celanese is taking to address sustainability and ESG topics.