Celanese (CE) PT Raised to $146 at Stifel

Celanese Receives American Chemistry Council’s 2024 Sustainability Leadership Award for Achievements in Circularity

DALLAS--(BUSINESS WIRE)-- Celanese Corporation, a global specialty materials and chemical company, today announced it has received the American Chemistry Councils (ACC) 2024 Sustainability Leadership Award, which recognizes exemplary products, technologies and initiatives that help advance sustainability.

Celanese earned the award in the Circularity category for its active carbon capture and utilization (CCU) project at its Clear Lake, Texas, manufacturing site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd. The project is expected to capture 180,000 metric tons of carbon dioxide (CO2) industrial emissions and produce 130,000 metric tons of low-carbon methanol annually.

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Celanese Corporation Reports First Quarter Earnings

DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported first quarter 2024 U.S. GAAP diluted earnings per share of $1.10 and adjusted earnings per share of $2.08. The Company generated net sales of $2.6 billion in the quarter, an increase of 2 percent from the prior quarter, reflecting a sequential increase in volume of 2 percent and neutral pricing. Celanese continued to execute against controllable actions in a demand environment that is stabilizing but has not yet returned to normalized levels. As a result, the Company largely offset the sequential... More