China: Acetic Acid Celanese Extends Contract for Carbon Monoxide Feedstock in China
Celanese (Nanjing) Chemical has extended its contract with Nanjing Chengzhi Clean Energy Co. Under the terms of the agreement, the carbon monoxide feedstock will be supplied to Celanese’s acetic acid plant in Nanjing City, Jiangsu Province.
Shanghai/China – Celanese Corporation has announced that its subsidiary, Celanese (Nanjing) Chemical Co., has recently extended its long-term contract with Nanjing Chengzhi Clean Energy Co. The contract involves the supply of carbon monoxide to its chemical facility in the Nanjing Chemical Industrial Park, Nanjing City, in eastern China (Jiangsu Province). Financial details of the contract were not disclosed.
Carbon monoxide is a key feedstock in the production of acetic acid. The extended contract will provide Celanese’s Nanjing facility with an ongoing and reliable supply of carbon monoxide for its 1,200 kilo tonne acetic acid plant.
“Chengzhi has been a valued partner of Celanese for many years, and this extension will continue to provide Celanese with a flexible and reliable supply of carbon monoxide supporting the acetyl chain in the region,” said John Fotheringham, Celanese Senior Vice President, Acetyls. “I am delighted that our close cooperation with Chengzhi has enabled Celanese to lower its manufacturing cost in China while enhancing our operational flexibility in support of our long-term growth strategy.”