Celanese waiting on US government for Texas methanol plant permit

21 October 2013 17:47  [Source: ICIS news]

HOUSTON (ICIS)--Celanese has obtained most of the permits needed to build a methanol plant in Texas, but the US producer is still waiting on one from the federal government, the company’s top executive said on Monday.

“So far that’s not been a problem,” said Celanese CEO Mark Rohr in a conference call over the company's Q3 earnings. “But we’re starting to get a little bit anxious that they’re taking a fair amount of time.”

Rohr said the company has obtained two of three permits needed to build a methanol plant at its Clear Lake acetyls complex near Houston. Rohr said in July that he expected permits for the methanol project to be obtained by the end of September.

Celanese and Japan’s Mitsui have set up a $800m (€584m) joint venture to build a 1.3m tonne/year methanol plant in Clear Lake.

Rohr said the company would make a public announcement if it appears a delay from obtaining the federal permit will impact the start of construction.

The methanol plant operations are expected to begin in mid-2015.

($1 = €0.73)


By: Lane Kelley
+1 713 525 2653



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