Dallas-based Celanese Corp. and Japan-based Mitsui & Co. To Establish Clear Lake, Texas Methanol Plant
05/15/2013
The planned methanol unit will utilize abundant, low-cost natural gas in the U.S. Gulf Coast region as a feedstock and will benefit from the existing infrastructure at Celanese’s Clear Lake facility. As a result, the total shared capital and expense investment in the facility is estimated to be approximately $800 million. Celanese’s portion of the investment is estimated to be approximately $300 million, in addition to the previously invested assets at the Celanese Clear Lake facility. The planned methanol facility will have an annual capacity of 1.3 million tons and is expected to begin operations in mid-2015.
“We are excited to expand our Clear Lake operations to include the strategic upstream production of methanol. The attractive economics of natural gas in the U.S. Gulf Coast region, combined with our existing infrastructure and an outstanding strategic partner in Mitsui, provides Celanese with this unique growth opportunity,” said Mark Rohr, Chairman and Chief Executive Officer, Celanese Corporation.
Masami Iijima, President and Chief Executive Officer, Mitsui & Co., Ltd. said: “We are very pleased to have Celanese as a strategic joint venture partner for the U.S. methanol project. Mitsui will be able to generate additional value in the gas product chain starting from our shale gas reserve we possess in the U.S. to methanol with Celanese’s state-of-the-art capabilities in manufacturing, operations and safety. This partnership should be long-term and be expanded towards further joint projects in the future.”
Project Announcements
Play Mart Expands Pulaski County, Kentucky, Operations
09/30/2023
Blue Whale Materials Establishes Bartlesville, Oklahoma, Battery Processing Operations
09/30/2023
Pivot Bio Establishes Hazelwood, Missouri, Operations
09/30/2023
Germany-Based mtex Antenna Technology USA Plans Albuquerque, New Mexico, Operations
09/30/2023
Amphenol Industrial Operations Plans Mesa, Arizona, Operations
09/30/2023
Provalus Plans Columbus County, North Carolina, Operations
09/30/2023
Most Read
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
Why the Southeast Is Winning EV Projects, With More on the Way
Q3 2023
-
EV Impacts to Watch in 2023 and 2024
2023 Auto/Aero Site Guide
-
U.S. Attracting FDI From European Manufacturers
Q3 2023
-
2023 Top States Workforce Development Programs
Q3 2023
-
Power-Intensive Site Selection
Q3 2023