Celanese, CNPC Fuel Ethanol Project in Feasibility Study
Celanese Corporation CE revealed that it is teaming up with China National Petroleum Corporation (CNPC) in progressing a synthetic fuel ethanol project. Feasibility study is being carried out by teams respectively formed.
On August 22, both parties inked a memo, according to which they will make full use of ethanol technology from Celanese to jointly progress a synthetic fuel ethanol project. Vice president of Celanese in charge of strategic development in Asia Pacific told reporters that an ethanol device was built up in its production base situated in Nanjing City, Jiangsu Province, east China in mid 2013, producing industrial alcohol with coals as raw materials.
The vice president pointed out that cooperation form with CNPC has not been nailed down. Any form will be considered no matter JV production or technology license. Currently, their cooperative ethanol project mainly supplies motor ethanol gasoline mixed by fuel ethanol and gasoline.
(MENAFN Nov. 2013)