Carbon Capture and Utilization (CCU)
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Celanese Achieves Circularity Milestone for POM ECO-C Grades
ZACKS· 2025-12-10 15:31
Core Insights - Celanese Corporation (CE) has received Carbon Footprint Certification from the International Sustainability & Carbon Certification (ISCC) for its Hostaform and Celcon POM ECO-C grades at production sites in Frankfurt, Germany, and Bishop, Texas, enabling customers to reduce carbon footprints and achieve sustainability goals [1][7] Group 1: Sustainability Initiatives - The certification highlights Celanese's commitment to transitioning to a circular economy, supported by significant investments in Carbon Capture and Utilization (CCU) technology at its Clear Lake, Texas facility, part of a joint venture with Mitsui & Co., Ltd. [2] - The CCU process effectively captures CO2 emissions and converts them into methanol, allowing for a reduction in fossil-based inputs while maintaining material performance [3] Group 2: Product Performance and Transparency - The certified products are recognized for their high stiffness, thermal stability, sliding performance, and wear resistance, contributing to overall sustainability efforts [3] - Celanese's digital assistant, AskChemille.com, provides Product Carbon Footprint letters, enhancing transparency and informed decision-making regarding Greenhouse Gas emissions [4] Group 3: Market Performance - Celanese's shares have declined by 40.8% over the past year, contrasting with the industry's 10.4% decline, indicating potential challenges in market performance [4] - In comparison, other companies in the Basic Materials sector, such as Kinross Gold Corporation, Fortuna Mining Corp., and Harmony Gold Mining Company, have shown stronger performance with significant increases in their share prices over the past year [5][8][9]