Celanese Acetic Acid Production Outage at Clear Lake, Texas Facility Extended
Celanese Corporation (NYSE:CE), a global hybrid chemical company, today announced that the repair of the acetic acid unit at its Clear Lake, Texas facility was unsuccessful upon restart and a continued shutdown will be required. The company will inform its acetic acid and derivatives customers that the force majeure previously announced will be extended.
Due to uncertainty regarding the timing of the restart of the unit, the company has temporarily withdrawn its full-year financial guidance until the impact of the outage can be determined.
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