Celanese Corp and Blackstone, a private equity investment company, will form a joint venture which will create the largest global acetate tow supplier. Under the terms of the agreement, Celanese will contribute its Cellulose Derivatives business unit, including its equity interest in existing JVs with China National Tobacco Corporation, and Blackstone will contribute its Rhodia Acetow business unit. Blackstone announced in December 2016 that it would purchase the Acetow business from Solvay, and officially closed that acquisition on 1 June. Celanese will own 70% of the joint venture and Blackstone will own 30%, and the deal is subject to regulatory approvals and customary closing conditions.
Celanese will contribute its acetate flake and tow production facilities in Narrows, Virginia, and Ocotlan, Mexico, along with its tow production plant at Lanaken, Belgium, to the joint venture. Celanese also participates in a joint venture with China National Tobacco Co consisting of three plants — Nantong Cellulose Fibres Co (flake and tow), Kunming Cellulose Fibers Co (tow), and Zhuhai Cellulose Fibres Co (tow) — and those facilities will also form part of the new JV. Blackstone will contribute facilities in Kingsport, Tennessee (flake); Santo Andre, Brazil (tow); Roussillon, France (flake); Freiburg, Germany (flake and tow); and Serpukhov, Russia (tow). Headquarters for the JV will be in Amsterdam, the Netherlands.
A subscription to our Acetic Acid • VAM Chemical Business Focus can give you further insights like this on the state of the markets world-wide.
ABOUT TECNON ORBICHEM’S ACETIC ACID • VAM SERVICES
Chemical Business Focus
Each month, subscribers receive a comprehensive look at current activity in the market, including pricing information for all of the main product areas in each of the key regions. In addition, subscribers have online access to 10 years historical prices to download as Excel files from our website, to Trade Tables and Charts and, on a quarterly basis, Plants & Projects listings which contain the latest information with regards to capacity developments in the acetyls industries.
S/Db-CHEM and World Analysis
Tecnon Orbichem’s Acetic Acid • VAM S/Db-CHEM is a truly comprehensive service, containing all information you need on acetic acid and vinyl acetate monomer. Supply/Demand data, Trade flows, Consumption trends, Capacity listings and Historical prices.
- Production, Consumption and Trade data are based on an analysis of historical data and forecasts out to 2025.
- Historical trade flows for acetic acid and vinyl acetate are presented as country-to-country trade grids.
- Capacity listings on a plant-by-plant basis give producer, owner and feedstock information.
- Historical prices for acetaldehyde, acetic acid, acetic anhydride, ethyl acetate, ethylene, methanol, PTA and vinyl acetate allow for construction of tables, charts and margins.
We believe our study provides an invaluable insight into present and future trends in acetic acid and vinyl acetate monomer production and consumption, relevant to all those associated with global manmade fibre and associated businesses.
For more information please contact email@example.com
Business Manager – Acetyls, Polyamide & Intermediates, Phenol, Acetone, Epoxy & Engineering Resins
Phone: +44 207 924 3955