Celanese to Increase Capex to $500 Million in 2020 as Company Develops Texas Projects

SUGAR LAND--October 29, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Celanese Corporation (NYSE:CE) (Dallas, Texas) will ratchet up its capital expenditures next year to $500 million as it concentrates on organic growth projects, executives with the specialty chemicals producer said recently. Permitting was finalized during the third quarter for the company's planned methanol and acetic acid expansions in Pasadena, Texas. Industrial Info is tracking $1.45 billion in project activity by Celanese.

Within this article: Fairway Methanol addition at Celanese's Clear Lake complex in Pasadena.