Celanese Corporation, a global technology, and specialty materials company, complete the construction of the Ibn Sina joint venture of a 50,000 metric tonne polyacetal manufacturing facility in Jubail Industrial City, Saudi Arabia. On successful performance trial runs for all polyacetal grades, the company has achieved full production rates resulting in the successful startup of the plant. The facility is officially declared commercially operational. Upon successful startup of the polyacetal facility, Celanese’s economic interest in Ibn Sina stands increased from 25 percent to a total of 32.5 percent as was announced earlier. This would entitle Celanese to receive additional financial benefits.
Ibn Sina is a joint venture between SABIC and CTE. lbn, is a jointly owned by subsidiaries of Celanese and Duke Energy. Celanese, SABIC, and Duke Energy entered into the Ibn Sina joint venture in 1981. Construction of the polyacetal facility is part of an extension of the Ibn Sina joint venture. While 50% of the ownership of the joint venture company rests with Sabic, the remaining ownership of 50% will be shared by the subsidiaries of Celanese and Duke Energy each.
The polyacetal facility will utilize methanol as feedstock which is produced internally at Ibn Sina. Polyacetal is a differentiated, high value-added product mainly used in automobile and electronics industries in addition to mechanical and construction manufacturers and other industrial applications.
Celanese Corporation, a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications, is the complementary business cores. Acetyl Chain and Materials Solutions, use Celanese’s global chemistry, technology, and business expertise fully to create value for customers and the corporation.