16 December 2010 00:40 [Source: ICIS news]
By Doris de Guzman
Celanese announced in November its plans to build one or two coal-based ethanol plants in
The cost to build a 400,000 ton/year plant was expected to be around $300m (€225m), he added.
Once approved, the Chinese plants - whose locations were still to be decided - would take 30 months to build and would initially serve the domestic industrial ethanol market, which was growing 8-10%/year, as estimated by Celanese.
Current chemical applications demand for ethanol in
Chinese fuel ethanol is currently selling at a slightly higher price compared with industrial ethanol because of tightening global supply and higher corn and sugar prices worldwide, according to Celanese. Fuel ethanol prices in
“If we had production in place with our technology today, we would have a significant advantage and this business would be one of the most profitable in the company. Even at every price point in corn and sugarcane’s historical cycle, we still would have been able to offer a lower cost fuel ethanol alternative without any subsidies involved,” said Sterin.
He added that Celanese’s technology can also use biomass or waste-based feedstock in the future.
($1 = €0.75)
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