Acetic Acid on Force Majeure

Celanese says it has declared force majeure on acetic acid due to an unplanned outage at its 1.2-million m.t./year Clear Lake, TX plant. The company says it expects operations to resume by the end of May, but it has put its customers on 50% allocation until mid-July. It says it expects the outage to have a “modest” impact on second-quarter earnings, but not materially for the full...

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