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Celanese TCX® Ethanol Technology Highlighted In U.S., Indonesia Agreement

Stocks in this article: CE

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.”

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