Celanese to Open Two Ethanol Plants in China24 Jan 2011 • by Natalie Aster
Celanese Far East has signed a letter of intent to build and operate two ethanol plants in China.
The Celanese subsidiary plans to build the ethanol plants in Nanjing Chemical Industrial Park in Nanjing and Gaolan Port Economic Zone in Zhuhai.
Celanese is planning to invest $300m in each of the 400,000t/year plants.
The company plans to begin ethanol production at the proposed plants within the next 30 months.
Industrial ethanol is used in the manufacture of paints, coatings, inks and pharmaceuticals.
Annual demand for industrial ethanol in China is three million tons, and this is expected to grow between 8% and 10% per year, Celanese said.