Celanese Restarts Clear Lake Plant; Lowers Full-Year Outlook...

Celanese says that it’s Clear Lake, TX acetic acid plant is now operating at its full capacity of 1.2-million m.t./year. Celanese declared force majeure at the site on May 14 after an unplanned outage, and said at the time that it expected to restart the plant by the end of May. Celanese extended the force majeure late last month, after two restart attempts failed (CW, Aug. 1/8, p. 24). Celanese anticipates the outage to reduce full-year earnings by 15 cts-25 cts/share. Celanese expects this to result in full-year 2007 earnings of $2.85-$3.00/share, down...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers