Celanese Far East Limited, a wholly owned subsidiary of Celanese Corporation, announced that it has entered into a Memorandum of Understanding (MoU) to advance the development of synthetic fuel ethanol with PetroChina Company Limited (PetroChina),
Under this arrangement, the two companies will collaborate to jointly develop synthetic fuel ethanol opportunities in China utilizing Celanese’s proprietary TCX ethanol process technology.
“We are very pleased to cooperate with PetroChina to explore the growing fuel ethanol market in China and look forward to working closely with all stakeholders in China to bring to bear the benefits of Celanese TCX technology,” said Jay Townsend, Senior Vice President, Business Strategy & Development and Procurement.
“We are confident that the advantages of ethanol produced from TCX will help facilitate improvements in fuel and air quality, control pollutants and to develop new sources of clean liquid transportation fuel utilizing China’s abundant local resources.”
According to Celanese, TCX Technology creates a low cost ethanol fuel option that uses abundant local hydrocarbon resources rather than corn or sugarcane.
Source: www.adsalecprj.com/Publicity/MarketNews/lang-eng/article-67007439/Article.aspx
