 "Polyacetal facility of Celanese's Ibn Sina JV enters testing phase")
The US-based Celanese Corporation has confirmed that the polyacetal facility of Ibn Sina joint venture in Jubail Industrial City, Saudi Arabia, has entered the testing phase, with commercial production expected to start in the third quarter of 2017.
Ibn Sina - a joint venture between Sabic and CTE (a company jointly owned by subsidiaries of Celanese and Duke Energy) - is setting up a 50,000 metric tonne polyacetal manufacturing facility in Jubail Industrial City.
Upon successful startup of the polyacetal facility, Celanese’s economic interest in Ibn Sina will increase from 25 percent to a total of 32.5 percent, providing further financial benefits for Celanese.
Celanese, Sabic and Duke Energy entered into the Ibn Sina joint venture in 1981. Construction of the polyacetal facility is part of an extension of the Ibn Sina joint venture, which will run through the year 2032. Subsidiaries of Celanese and Duke Energy each currently hold a 25 percent interest in the venture, with the remaining 50 percent held by Sabic.
The polyacetal facility will utilise methanol as feedstock which is produced internally at Ibn Sina. Polyacetal is a differentiated, high value-added product mainly used in automobile and electronics industries in addition to mechanical and construction manufacturers and other industrial applications.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%