Acquisition of syngas unit would provide additional productivity and growth options in Gulf Coast region
(January 15, 2019) – Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced the signing of a definitive agreement to acquire a 365 kilo tons per annum synthesis gas production unit from Linde PLC. The production unit is located at the Celanese Clear Lake acetyl intermediates manufacturing facility located in Pasadena, Texas.
“By acquiring this syngas production unit, Celanese will have the capability of producing a critical raw material for the world’s largest acetyl intermediates production facility,” said Todd Elliott, Celanese Senior Vice President, Acetyls. “Linde is currently the primary carbon monoxide supplier to the Clear Lake facility, and the acquisition of this synthesis gas production unit will provide Celanese with future productivity and growth configuration options.”
Synthesis gas, or syngas, is a mixture of carbon monoxide, carbon dioxide and hydrogen. Syngas can be produced from many sources, including natural gas, coal, biomass, or virtually any hydrocarbon feedstock, by reaction with steam or oxygen. Syngas is a crucial intermediate resource for the production of acetic acid, hydrogen, ammonia, methanol, and synthetic hydrocarbon fuels.
Celanese Corporation and Linde PLC expect to complete the transaction pending customary closing conditions and regulatory approvals. Financial details of the deal are not being disclosed at this time.