Celanese Corporation (NYSE:CE), a global technology and specialty materials company, today announced its support for the recent State visit to the Republic of Indonesia by U.S. Assistant Secretary for Economic and Business Affairs, Jose W. Fernandez, to meet with economic officials and business representatives to discuss ways to deepen the United States’ economic ties in the region.
Assistant Secretary Fernandez traveled to Jakarta August 7-9 where he met with economic officials and business representatives. While there, Mr. Fernandez participated in a signing ceremony for a Memorandum of Understanding (MoU) with Indonesia’s Director General for International Cooperation, Agus Tjahajana Wirakusumah, as well as the Indonesian Minister of Industry, MS Hidayat, to promote infrastructure investment cooperation.
Demonstrating Celanese’s business advancements in Indonesia, Celanese and Pertamina, the state-owned energy company in Indonesia, were jointly highlighted during the MoU signing ceremony for their recent announcement to advance the development of fuel ethanol projects in Indonesia. In line with its long-term strategy to develop new and renewable energy capabilities, Pertamina has agreed to collaborate exclusively with Celanese to jointly develop synthetic fuel ethanol projects in the Republic of Indonesia utilizing Celanese’s proprietary TCX® ethanol process technology.
“I am gratified by the economic success that we are seeing in Indonesia and the success of the government here to create jobs and opportunities for the Indonesian people in their development. The United States government and U.S. companies want to be a partner in that development,” Fernandez said. “We are equally pleased that Celanese Corporation is working jointly with Indonesian companies such as Pertamina to bring its innovative, advanced technology for the production of ethanol to Indonesia to address the country’s growing need for liquid transportation fuel for the development of new energy sources.”“The U.S. and Indonesia governments have discussed the possible engagement of U.S. firms in areas such as the manufacturing, energy and transportation sectors, and in fostering green initiatives, among other things,” said MS Hidayat. “The recent agreement with Celanese and Pertamina is an example of this engagement model whereby both the United States and Indonesian governments are working with companies such as Celanese and Pertamina to help achieve Indonesia’s energy-related initiatives.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV