Acetyl group

Celanese Completes Series of Strategic Actions Across its Global Acetyl Chain

Retrieved on: 
Tuesday, April 9, 2024
Sustainability, Chemicals, Plastics, Environment, Manufacturing, Carbon, Methanol, Adhesive, Building material, VAE, Acetyl group, CE, Acetic acid, Corporation, Food packaging, Carbon monoxide, CCU, Plant, ISCC, AC, Chemical substance, CO2, RDP

Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced several strategic milestones at its Clear Lake, Texas, and Nanjing, China, plants to enhance the competitive cost position, sustainable footprint and operational flexibility of the Acetyl Chain (AC) business and allow it to meet future demand growth.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced several strategic milestones at its Clear Lake, Texas, and Nanjing, China, plants to enhance the competitive cost position, sustainable footprint and operational flexibility of the Acetyl Chain (AC) business and allow it to meet future demand growth.
  • The low-carbon methanol can provide customers with low-carbon ECO-CC AC and Engineered Materials downstream products for a wide range of consumer applications.
  • The startup of a new vinyl acetate ethylene (VAE) unit in Nanjing and completion of global, low-capital downstream redispersible polymer powders (RDP) debottlenecking projects.
  • The Celanese subsidiary, Celanese (Nanjing) Chemical Co. Ltd., has extended its CO Phase II contract with Nanjing Chengzhi Clean Energy Co., Ltd. for the supply of carbon monoxide to its facility in Nanjing.

Elevate One's Glow with Transformative Skincare Treatments CACAYE Fermented Beauty™ Introduces Three Groundbreaking Clean Formulas

Retrieved on: 
Wednesday, March 20, 2024
Olive, Caryodendron orinocense, Aloe vera, Acetyl group, John Foster Dulles, Hyaluronic acid, Ginseng, Beauty, Camellia, Nicotinamide, Dehydration, Skin, Elasticity, Collection, Movement, Ageing, Sunflower seed, Cosmetics

LARGO, Fla., March 20, 2024 /PRNewswire/ -- CACAYE Fermented Beauty ™ , pioneers of fermented beauty and champions of the #CACAYELife movement, proudly unveils three innovative additions to its skincare collection, enhancing everyone's skincare ritual with the entire CACAYE range.

Key Points: 
  • LARGO, Fla., March 20, 2024 /PRNewswire/ -- CACAYE Fermented Beauty ™ , pioneers of fermented beauty and champions of the #CACAYELife movement, proudly unveils three innovative additions to its skincare collection, enhancing everyone's skincare ritual with the entire CACAYE range.
  • Meticulously crafted to deliver unparalleled results with clean, vegan formulas that are gluten-free and cruelty-free with no parabens, phthalates, petrochemicals, synthetic dyes, and fragrances.
  • CACAYE SUPERFRUIT + CACAY FERMENTED CLEANSING LOTION: Elevate the morning and evening ritual with this gentle yet refreshing cleansing lotion suitable for all skin types.
  • These new, clean formula treatments and cleanser innovations easily become part of everyone's skincare routine alongside CACAYE's full range of skincare products:

Celanese Corporation Reports Full Year 2023 and Fourth Quarter Earnings

Retrieved on: 
Tuesday, February 20, 2024
Chemicals, Plastics, Manufacturing, ERP, Acquisition, HPN, Polymerization, Growth, Nutrinova, Carbon, Ratio, Powder, GAAP, PA66, CO2, M&M, CCU, Public expenditure, Methanol, Corporation, Acetyl group, Environment

The Acetyl Chain reported 2023 net sales of $4.9 billion, a 15 percent decrease from the prior year.

Key Points: 
  • The Acetyl Chain reported 2023 net sales of $4.9 billion, a 15 percent decrease from the prior year.
  • Based on these actions, the Acetyl Chain was able to offset the majority of pricing headwinds to deliver foundational earnings in 2023.
  • 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.
  • Based in Dallas, Celanese employs approximately 12,400 employees worldwide and had 2023 net sales of $10.9 billion.

Celanese Low-Carbon ECO-CC Products Available Through U.S. Department of Energy Procurement Grant Program

Retrieved on: 
Monday, February 12, 2024
Chemicals, Plastics, Other Energy, Environment, Manufacturing, Sustainability, Energy, Carbon, CE, Carbon dioxide, Acetic acid, Government, Fertilisation, Mitsui & Co., CO2, CCU, Methanol, Corporation, DOE, Acetyl group, Coal

Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has been approved by the U.S. Department of Energy (DOE)’s Office of Fossil Energy and Carbon Management as a Utilization Procurement Grants (UPGrants) vendor .

Key Points: 
  • Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has been approved by the U.S. Department of Energy (DOE)’s Office of Fossil Energy and Carbon Management as a Utilization Procurement Grants (UPGrants) vendor .
  • This includes Celanese low carbon acetic acid, which uses the ECO-CC product name because it is manufactured using carbon capture and utilization (CCU) technology.
  • These product offerings have demonstrated significant net reductions in life cycle greenhouse gas emissions and passed a critical DOE review of the product’s life cycle analysis.
  • As an UPGrants vendor, Celanese has already begun working with our value-chain partners to extend product usage opportunities to eligible U.S. government entities nationwide.

Celanese Corporation Reports Third Quarter 2023 Earnings

Retrieved on: 
Monday, November 6, 2023
Chemicals, Plastics, Other Manufacturing, Manufacturing, Ratio, Polymerization, HPN, EBITDA, M&M, GAAP, Science and technology in Asia, EBIT, Environment, Growth, Mobility, Corporation, PA66, Mitsui, Acetyl group, VAM, Bank, Fine chemical, Nutrinova, Uentrop, Celanese

The Acetyl Chain delivered third quarter net sales of $1.2 billion, a 1 percent decrease from the prior quarter.

Key Points: 
  • The Acetyl Chain delivered third quarter net sales of $1.2 billion, a 1 percent decrease from the prior quarter.
  • In a global demand environment that remains challenged, the Acetyl Chain has demonstrated the stability and resilience of its foundational earnings across each quarter of 2023.
  • Sequential increases in these earnings metrics was supported by increased earnings contributions from Mobility & Materials (M&M) driven by volume growth and incremental synergies.
  • The effective tax rate for 2023 adjusted earnings was revised to 9 percent based on the expected jurisdictional earnings mix for the full year and consideration of other non-recurring U.S. GAAP items.

Celanese Corporation Reports Second Quarter 2023 Earnings

Retrieved on: 
Monday, August 7, 2023
Chemicals, Plastics, Manufacturing, Nutrinova, Exercise, EM, GAAP, Ratio, EBIT, EBITDA, National Association of Manufacturers, Corporation, Partner, Acetyl group, Growth, Mobility, National Association, M&M, Environment, Bank, Cryptocurrency, Celanese

The Acetyl Chain delivered second quarter net sales of $1.2 billion, a 1 percent decrease from the prior quarter.

Key Points: 
  • The Acetyl Chain delivered second quarter net sales of $1.2 billion, a 1 percent decrease from the prior quarter.
  • In support of free cash flow, the business reduced inventory by $207 million in the second quarter, which resulted in an unfavorable impact to earnings.
  • Celanese reported second quarter operating cash flow of $762 million and free cash flow of $611 million which included cash capital expenditures of $145 million.
  • We expect contributions from these actions will support strong 2023 cash generation and continued earnings growth across the second half."

Celanese and Mitsui Sign Definitive Agreement to Form Nutrinova, a Food Ingredients Joint Venture

Retrieved on: 
Friday, June 23, 2023
Retail, Chemicals, Plastics, Manufacturing, Food, Beverage, Nutrinova, CE, Mitsui, Partnership, Shearman & Sterling, BofA Securities, Shearman, Corporation, Acetyl group, Potassium, NYSE, Sorbic acid, Fine chemical, Celanese

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Mitsui & Co., Ltd. today announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Mitsui & Co., Ltd. today announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova.
  • Celanese will contribute the assets, technology and employees of its Food Ingredients business while retaining a 30 percent stake in the joint venture.
  • The agreement combines the technology, product portfolio and backward integration of the Celanese Food Ingredients business with Mitsui’s long-standing positions across the food value chain in Asia and other regions.
  • The Celanese Food Ingredients business is a leading producer of acesulfame potassium (Ace-K) sweetener as well as sorbic acid and potassium sorbate preservatives.

Celanese Corporation Reports First Quarter 2023 Earnings

Retrieved on: 
Tuesday, May 9, 2023
Chemicals, Plastics, Manufacturing, Mitsui, Amine, Eye, GAAP, Research, Ratio, EBIT, JV, Science and technology in Asia, EBITDA, Johns Hopkins University, Acetic acid, Acetyl group, Growth, Acetic anhydride, M&M, Environment, VAM, Bank, Oil, Celanese

The Acetyl Chain delivered first quarter net sales of $1.3 billion, a 10 percent increase from the prior quarter due to a 10 percent increase in volume.

Key Points: 
  • The Acetyl Chain delivered first quarter net sales of $1.3 billion, a 10 percent increase from the prior quarter due to a 10 percent increase in volume.
  • While demand for acetyls in Europe and Asia improved significantly over the prior quarter, volume in the first quarter lagged the same quarter of last year by 9 percent and was insufficient to support pricing expansion.
  • Engineered Materials reported first quarter net sales of $1.6 billion, a 32 percent increase from the prior quarter.
  • The M&M contribution to EM earnings increased sequentially through volume recovery and approximately $10 million in synergies delivered across the quarter.

Celanese and Mitsui & Co., Ltd. to Form Food Ingredients Joint Venture; Extend Existing Fairway Methanol LLC Joint Venture

Retrieved on: 
Thursday, February 23, 2023
Food Tech, Retail, Chemicals, Plastics, Technology, Manufacturing, Food, Beverage, Methanol, Carbon dioxide, Corporation, NYSE, JV, Partnership, BofA Securities, Shearman, Potassium, Sorbic acid, CO2, Shearman & Sterling, Acetyl group, CE, Fine chemical, Celanese, Mitsui

Celanese announced today the signing of a term sheet to form a Food Ingredients JV with Mitsui, subject to customary approvals.

Key Points: 
  • Celanese announced today the signing of a term sheet to form a Food Ingredients JV with Mitsui, subject to customary approvals.
  • Through this transaction, Celanese will contribute its Food Ingredients business, inclusive of assets, technology, and employees, to form a standalone Food Ingredients JV.
  • Celanese Food Ingredients is a leading producer of acesulfame potassium (Ace-K) sweetener as well as sorbic acid and potassium sorbate preservatives.
  • Celanese and Mitsui have also agreed on a long-term extension of their existing Fairway Methanol LLC JV which produces methanol at Celanese’s Clear Lake facility.

Celanese Corporation Reports Full Year 2022 and Fourth Quarter Earnings

Retrieved on: 
Thursday, February 23, 2023
Chemicals, Plastics, Other Manufacturing, Manufacturing, Storm, Santoprene, December 2022 North American winter storm, Acetyl group, Ratio, VAM, JV, GAAP, Acquisition, Science and technology in Asia, EBIT, Capital, Mitsui, Acetic acid, Book, M&M, Electronics, Mobility, Capital expenditure, Acetate, EVA, Pharmaceutical industry, Security (finance), Celanese

Additionally, the Acetyl Chain intentionally idled all five of its major production units in China at different points in the fourth quarter.

Key Points: 
  • Additionally, the Acetyl Chain intentionally idled all five of its major production units in China at different points in the fourth quarter.
  • The Acetyl Chain delivered fourth quarter net sales of $1.1 billion due to sequential pricing and volume declines of 10 percent and 9 percent, respectively.
  • Engineered Materials reported fourth quarter GAAP operating profit of $25 million and adjusted EBIT of $138 million which included affiliate earnings of $31 million.
  • Based in Dallas, Celanese employs approximately 13,300 employees worldwide and had 2022 net sales of $9.7 billion.