04 February 2008 04:48 [Source: ICIS news]
SINGAPORE (ICIS news)--Celanese has tied up with a unit under China National Chemical Corp (ChemChina) to conduct research and development (R&D) for the production of acetic acid and other acetyls, the Texas-based commodity chemicals group said.
The collaboration with the Southwest Research and Design Institute of Chemical Industry would enable Celanese to gain local expertise, explore new product applications and develop a highly reliable and cost efficient acetyl supply, it said in a statement on its website late on Friday.
"Asia is of critical importance for Celanese, particularly as we pursue our growth strategy to better meet increasing global customer demand," said John Gallagher, president of acetyls and Celanese Asia.
Celanese has been actively expanding its sales, marketing, manufacturing and research capabilities in Asia.
The NYSE-listed firm expects its new 600,000 tonne/year fully integrated acetic acid complex in Nanjing to generate between $600m and $800m of revenue annually by 2010.
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