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Markets :: Basic Chemicals :: Petrochemicals :: Acetic acid

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

2:29 PM MDT | August 27, 2007 | Chemical Week Editorial Staff

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...

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