Celanese Corporation (CE) stated that, as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd., it has started operating a carbon capture and utilization (CCU) project at Clear Lake, TX. An estimated 130,000 metric tons of low-carbon methanol will be produced annually by the project, together with the capture of 180,000 metric tons of CO2 industrial emissions.Celanese is actively utilizing CCU to provide low-carbon alternatives for its Acetyl Chain and Engineered Materials products in an effor ...

DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has begun running a carbon capture and utilization (CCU) project at its Clear Lake, Texas, site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd. The project is expected to capture 180,000 metric tons of CO2 industrial emissions and produce 130,000 metric tons of low-carbon methanol per year. Celanese is actively leveraging CCU to offer low-carbon options across it ...

Lori Ryerkerk Yes. Let me take them as two separate. I would say on Acetyls, we have done a lot of work over many years now to really reduce the number of facilities that we have. And really have larger, very efficient facilities strategically located regionally. And our activities, including the big expansion at Clear Lake, but we have also had many, many small expansions in many of our downstream derivatives to basically keep us at the same or greater volumes and certainly much higher margins as a result. ...

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Lori Ryerkerk Sure. Thanks, Mike for your question. As we look at Q2, if we look at what we had guided to versus our performance, I mean clearly, we were below what we had expected in the quarter. I'd say half of that gap came from the M&M side. About half of that was really the inventory drawdown in M&M, which we really hadn't anticipated, so the earnings associated with that. And the other half is really just the weak demand, again especially industrial and electronics. And how I would try to describe wha ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-32410 CELANESE CORPORATION (Exact Name of Registrant as Specified in its Charter) (State or Other J ...

Operator Scott Richardson Lori Ryerkerk Our next questions come from the line of Matthew DeYoe with Bank of America. Thanks, Matt. We're really happy with how the integration is going and the value uplift we're starting to see in the M&M assets. Our concern at this point is the fact that second quarter is not accelerating at the pace that we thought across all of our businesses. And so we're going into the second half. At a little lower demand rate than we had originally called out last quarter. So that app ...

7 Description of the Company In this Quarterly Report on Form 10-Q ("Quarterly Report"), the term "Celanese" refers to Celanese Corporation, a Delaware corporation, and not its subsidiaries. The term "Celanese U.S." refers to the Company's subsidiary, Celanese US Holdings LLC, a Delaware limited liability company, and not its subsidiaries. In the opinion of management, the accompanying unaudited consolidated balance sheets and related unaudited interim consolidated statements of operations, comprehensive in ...

Yes. So actually, Vincent, fourth quarter of '21, was exactly like this. We had the same issue. We were lower than builds because of destocking. And I think there's a number of things that happened. I mean people hit the end of the year. They want to make working capital numbers. So they destock at the end of the year, for a year in inventory control. Prices have been coming down because raws are down and natural gas was falling. So that made people more confident in pricing going forward. So they believe p ...

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