10 November 2008 19:08 [Source: ICIS news]
The closing, first announced in August 2007, allows Celanese to jettison the
The Pampa plant's new owner, Australian investment firm Babcock & Brown, is involved in energy projects in the Texas panhandle involving wind and conventional electricity generation. No financial terms of the deal were disclosed.
Babcock & Brown has said it plans to use the site to generate both coal-based and wind-based electricity.
A Celanese spokesman said all removal of finished product from the
For more on Celanese's
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