On the 20th, Celanese, the world’s leading chemical technology and specialty materials company, announced that its wholly-owned subsidiary, Celanese Far East Limited, has signed the relevant economics in Nanjing Chemical Industry Park in China and Gaolan Port in Zhuhai. District's letter of intent for the construction and operation of an industrial ethanol production base.
If the project is approved, Celanese is expected to start industrial ethanol production in the next 30 months, of which the initial rated capacity of a single plant is 400,000 tons per year, and the initial investment of a single plant is about 300 million US dollars. The company is actively applying for approval in the two places to ensure that the company has the ability to meet the needs of future growth.
It is reported that the project will use Celanese's newly developed advanced technology to produce industrial ethanol. This innovative process technology is based on Celanese's industry-leading acetyl-based technology platform that combines new technologies to produce ethanol from base hydrocarbons. To meet future demand, Celanese's new technology can more than double the capacity of each production unit at a significantly lower cost than the initial investment.
Industrial ethanol is widely used in the manufacture of paints, coatings, inks, and pharmaceuticals in the chemical and other industrial fields. The current demand for ethanol for industrial use in China is about 3 million tons per year, and the annual growth rate is expected to be between 8% and 10%.
For the development in China, as early as September 2007, Celanese officially started production at the Nanjing Chemical Industrial Base, which is also the largest integrated chemical plant of Celanese.
If the project is approved, Celanese is expected to start industrial ethanol production in the next 30 months, of which the initial rated capacity of a single plant is 400,000 tons per year, and the initial investment of a single plant is about 300 million US dollars. The company is actively applying for approval in the two places to ensure that the company has the ability to meet the needs of future growth.
It is reported that the project will use Celanese's newly developed advanced technology to produce industrial ethanol. This innovative process technology is based on Celanese's industry-leading acetyl-based technology platform that combines new technologies to produce ethanol from base hydrocarbons. To meet future demand, Celanese's new technology can more than double the capacity of each production unit at a significantly lower cost than the initial investment.
Industrial ethanol is widely used in the manufacture of paints, coatings, inks, and pharmaceuticals in the chemical and other industrial fields. The current demand for ethanol for industrial use in China is about 3 million tons per year, and the annual growth rate is expected to be between 8% and 10%.
For the development in China, as early as September 2007, Celanese officially started production at the Nanjing Chemical Industrial Base, which is also the largest integrated chemical plant of Celanese.
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