Celanese Corp. (CE) Declares $0.54 Quarterly Dividend; 2% Yield

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Go back to Celanese Corp. (CE) Declares $0.54 Quarterly Dividend; 2% Yield

Celanese Corp. (CE) Agrees to Sell Ethanol Production Unit and Form TCX Technology JV with Chengzhi Co.

July 18, 2018 4:27 PM EDT

Celanese Corporation (NYSE: CE) today announces that it has signed a Letter of Intent (LOI) with Chengzhi Shareholding Co., Ltd., to further the development of acetic acid-based ethanol as a clean energy source in China.

From 2014 to 2017, Celanese operated a 275,000 metric ton per year industrial ethanol unit at the Nanjing, China Chemical Industrial Park. This ethanol unit used Celaneses TCX® technology to produce ethanol and... More