Price and market trends: Celanese Texas methanol start-up may be delayed to Q3 2015

31 January 2014 10:02  [Source: ICB]

The company’s plant in Texas may start up in Q3 2015, slightly behind schedule. It has already broken ground.

US-based Celanese’s new 1.3m tonne/year joint-venture methanol plant in Texas, US may start up in the third quarter of 2015 because of a delay in obtaing approval from the US Environmental Protection Agency (EPA), its CEO said. The company had originally targeted a mid-2015 start-up.

“A slip into the third quarter of 2015 could occur, so we have secured a bridge supply agreement that will cover us through the end of 2015,” CEO Mark Rohr said in briefing analysts on Celanese’s fourth-quarter earnings.

“It is going to be awhile before we know the impact of shifting methanol suppliers so I’ll keep you posted of our progress along the way,” he said. Rohr added that Celanese broke ground on the project the week ended 17 January after the EPA finally approved the project earlier this month.

Celanese has a joint venture with Japan’s Mitsui to build the project at the Clear Lake chemicals production complex near Houston.

Additional reporting by Al Greenwood and Lane Kelley

By: Stefan Baumgarten
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