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Celanese Corp Class A CE Stock Quote

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Celanese's Growing Specialty Materials Portfolio Should Benefit From Low-Cost Acetic Acid Production

Business Strategy and Outlook

| Seth Goldstein, CFA |

Celanese is the world's largest producer of acetic acid and its chemical derivatives, including vinyl acetate monomer and emulsions. These products are used in the company’s specialized end products or sold externally. Celanese produces these commodity chemicals in its acetyl chain segment (roughly 45% of 2022 pro forma EBITDA including acquisitions), which primarily serves the automotive, cigarette, coatings, building and construction, and medical end markets. Celanese's Clear Lake, Texas, plant benefits from a cost advantaged feedstock from low-cost U.S. natural gas. The company plans to expand acetic acid production capacity at Clear Lake by roughly 50%, which should benefit segment margins thanks to lower unit production costs relative to other geographies.

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Key Statistics CE

Company Profile CE

Business Description

Celanese is one of the world's largest producers of acetic acid and its downstream derivative chemicals, which are used in various end markets, including coatings and adhesives. The company also produces specialty polymers used in the automotive, electronics, medical, and consumer end markets as well as cellulose derivatives used in cigarette filters.

222 West Las Colinas Boulevard, Suite 900N
Irving, TX, 75039-5421
T +1 972 443-4000
Industry Chemicals
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 8,529