28 March 2011 04:03 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Celanese’s production of ethanol using its proprietary technology has the potential of becoming its most profitable business, the company’s chief executive said late on Sunday.
Speaking at the International Petrochemical Conference (IPC), Celanese CEO David Weidman said the company’s technology is more cost effective than either fermentation or other chemical production methods.
Weidman, who is one of the panellists at the IPC’s symposium on entrepreneurship and innovation in the chemical industry, used Celanese’s ethanol production technology as an example of how innovation is one of the key elements of success in the industry.
The company said last year it would build one or two industrial ethanol complexes in China, each with a capacity of 400,000 tonnes/year. It would take 30 months to build the plants, Celanese said.
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