People & Business :: Companies
Celanese Extends Force Majeure
9:37 AM MDT | August 21, 2007 | Kate Phillips
Celanese says it has extended force majeure on acetic acid after another failed attempt to restart its 1.2-million m.t./year Clear Lake, TX plant. Celanese first 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 announced late last month that the acetic acid unit would need additional repairs and that it would likely be restarted in mid-July (CW, June 20, p. 7). Second-quarter earnings for Celanese’s acetyls business declined 19%, partly due to the...
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