DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has been approved by the U.S. Department of Energy (DOE)'s Office of Fossil Energy and Carbon Management as a Utilization Procurement Grants (UPGrants) vendor. Celanese (NYSE:CE) is now the only producer offering low-carbon acetic acid under the ECO-CC product name, which positions the company to help municipalities meet the growing demand for more sustainable and circular solutions.
As the U.S. economy moves toward a lower carbon future, the DOE is seeking to support states, local governments, public utilities and agencies to procure commercial or industrial products derived from anthropogenic carbon emissions. This includes Celanese low carbon acetic acid, which uses the ECO-CC product name because it is manufactured using carbon capture and utilization (CCU) technology. These product offerings have demonstrated significant net reductions in life cycle greenhouse gas emissions and passed a critical DOE review of the product's life cycle analysis. As an UPGrants vendor, Celanese has already begun working with our value-chain partners to extend product usage opportunities to eligible U.S. government entities nationwide.
By using recycled CO2 as a raw material, we unlock the potential to offer lower carbon footprint options with carbon capture content across more than 90 percent of our Acetyl Chain product offerings, said Kevin Norfleet, global sustainability director, Acetyls at Celanese. Our ECO-CC solutions are uniquely positioned to help UPGrants eligible entities reduce their carbon footprint in applications including waste-water treatment, de-icing, fertilization, interior painting and more.
Earlier this year, Celanese announced the operation of its 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 carbon dioxide (CO2) industrial emissions and produce 130,000 metric tons of low-carbon methanol annually. The CCU project takes CO2 industrial emissions that would otherwise be emitted into the atmosphere from both Celanese and third-party sources and applies reduced-carbon-intensity hydrogen to chemically convert the captured CO2 into a methanol building block used for downstream production. This low-carbon input is then used to reduce traditional fossil fuel-based raw materials, such as acetic acid ECO-CC, and can help produce a wide range of end products across most major industries.
To learn more about CCU technology at Celanese, watch our CCU video or visit https://www.celanese.com/en/sustainability-offerings.
About Celanese
Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 13,000 employees worldwide and had 2022 net sales of $9.7 billion. For more information about Celanese Corporation and its product offerings, www.celanese.com.
About Mitsui
Mitsui & Co., Ltd. (8031: JP) is a global trading and investment company with a presence in more than 60 countries and a diverse business portfolio covering a wide range of industries.
Mitsui identifies, develops, and grows its businesses in partnership with a global network of trusted partners including world leading companies, combining its geographic and cross-industry strengths to create long-term sustainable value for its stakeholders.
Mitsui has set three key strategic initiatives for its current Medium-term Management Plan: supporting industries to grow and evolve with stable supplies of resources and materials, and providing infrastructure; promoting a global transition to low-carbon and renewable energy; and empowering people to lead healthy lives through the delivery of quality healthcare and access to good nutrition.
Visit www.mitsui.com for more information.
About Fairway Methanol LLC
The Clear Lake methanol unit was commissioned in October 2015 as a joint venture between Celanese and Mitsui & Co., Ltd. The unit utilizes abundant, low-cost natural gas in the U.S. Gulf Coast region as a feedstock. The joint venture operates as Fairway Methanol LLC, with both Celanese and Mitsui maintaining a 50/50 ownership.
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Investor Relations
Brandon Ayache
+1 972 443 8509
brandon.ayache@celanese.com
Media Relations - Global
Brian Bianco
+1 972 443 4400
media@celanese.com
Source: Celanese Corporation