Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announces plans to significantly expand methanol production capacity at the company\u2019s Clear Lake acetyl intermediates manufacturing facility located in Pasadena, Texas.<\/strong><\/p>\n\n\n\n Celanese has recently been granted approvals from the Fairway Methanol LLC<\/em> board of directors for a second phase expansion, which will increase production to 1.7 million metric tons per year \u2013 approximately 125% of the original nameplate capacity \u2013 to be implemented as soon as operationally feasible and pending customary regulatory and permitting approvals. Financial details of the project are not being disclosed at this time.<\/p>\n\n\n\n In parallel with this expansion, Celanese and Mitsui will evaluate additional cost effective expansion options for the Clear Lake methanol unit.<\/p>\n\n\n\n \u201cCelanese is pleased to deliver on a historic milestone achievement in methanol production using engineering leadership, manufacturing excellence and chemical industry expertise,\u201d said Todd Elliott, Senior Vice President, Acetyls. \u201cMethanol is a crucial raw material for the production of acetic acid and other key chemical products and these expansions will enable Celanese to manage future productivity and growth configuration options for the world\u2019s largest acetyl intermediates production facility, as well as the production network of Celanese acetyls plants globally.\u201d<\/p>\n\n\n\n