Celanese Corporation is undertaking a new methane expansion venture. It has drawn plans to significantly expand methane capacity in its Clear Lake acetyl intermediates manufacturing facility. The approval has been granted by the board of its Fairway Methanol joint venture (JV) with Japan’s Mitsui & Co. The project is bound to increase production to 1.7m tonnes per year. At present the methanol unit utilizes low-cost natural gas as a feedstock in the US Gulf Coast region. Details on financial expenditure was not revealed and reports suggest, the expansion project will be put into action after pending procedural approvals.
Methanol forms one of the crucial elements in the production of mainly acetic acid and is also a significant catalyst for other key chemical products. The increase in the capacity of methane will open doors to future productivity and growth configuration options for some of the world’s largest acetyl intermediates production units. The new development will also improve the production network of Celanese acetyls plants in the global market. Celanese Corporation, also known as Hoechst Celanese is headquartered in Irving, Texas. It is one of the leading companies in producing acetyl products and is above all also a Fortune 500 global technology.