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Markets :: Basic Chemicals :: Petrochemicals :: Methanol
Celanese Wins Methanol Supply Suit
8:41 AM MDT | August 13, 2012 | Lindsey Bewley
Celanese says that a jury has ruled in its favor in litigation filed by Southern Chemical relating to the terms of a multiyear methanol supply contract for Celanese’s U.S.- and Mexico-based operations. The jury determined that the contract—under which Celanese has received about 800,000 m.t./year of methanol from Southern Chemical and has paid the company about $130 million each year—should continue until its expiration and found that Celanese did not violate the terms of the contract. The contract expires in 2015. Southern Chemical...
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