Celanese Corp. Plans on Expanding its Ethanol Market Share According to BAC Report20 Sep 2011 • by Natalie Aster
LONDON - The company has discovered a new efficient ethanol manufacturing process. The preparation works have already begun, but the production will start only in 2013. Recently Celanese announced its plans to accelerate industrial ethanol production in China, adding 200,000 tons of ethanol in the Nanjing facility by mid-2013 to the volumes projected. The Corporation also set up a facility in Clear Lake, Texas as ethanol technology development base; expected to get launched by mid-2012. Celanese will also construct a new R&D facility in Clear Lake to further develop and advance TCX™ technology. The enterprise has all the chances to significantly increase its ethanol market share by 2015.
Company’s recent performance was strong. Both revenues and net incomes showed confident growth, reaching USD 1753 M and USD 203 M respectively. 2011 outlook now looks even brighter than before.
FY 2010 results laid a solid base for Celanese success. Revenues rose by 16.5% and amounted USD 5918 M. Net income equaled USD 377 M, a 24.3% decrease. Overall economic situation shows recovery trends, as volumes increase and prices rise.
Founded in 1921 and headquartered in Dallas, Texas (USA), Celanese Corporation engages in chemicals manufacture. Its operating segments are Advanced Engineered Materials, Acetyl Intermediates, Consumer Specialties, and Industrial Specialties. The company’s products have a broad range of applications, including Baked goods, Medical devices, Beverages, Paints and Coatings, Lubricants, Adhesives, Paper finishing, Automotive parts, Battery Separation, and many more. Celanese is public and trades at New York Stock Exchange.
More information on the company’s recent activities, financial performance, risk factors, business possibilities can be found in the report “Celanese Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Celanese Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Sep, 2011
Full overview of the overall US Chemical Industry and the competition forces can be found in the report “US Chemical Industry Comparative Analysis and Companies Ranking”
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