Celanese Corporation (CE) - Get Celanese Corporation Report, a global chemical and specialty materials company, today announced the addition of a new GUR® ultra-high molecular weight polyethylene (UHMW-PE) production line at its Bishop, Texas manufacturing facility to support the significant growth in its high-value GUR® engineered materials portfolio.
"Electric vehicle demand is expected to have a compounded annual growth rate of greater than 25 percent through 2025, resulting in strong demand for Celanese GUR® for lithium-ion battery separators," said Tom Kelly, Celanese Senior Vice President, Engineered Materials. "Customers rely on Celanese for a reliable supply of GUR® that meets very stringent quality standards, and our capacity expansion at our Bishop integrated chemical complex will enable Celanese to continue to support a growing and diverse customer base and respond to the increasing need for specialty materials such as ultra-high molecular weight polyethylene."
This new production line at the Celanese Bishop manufacturing facility is expected to add approximately 15kt per year of GUR® product capacity by the start of 2022.
Following the expansion of GUR® capacity completed in June of 2019 at the company's Nanjing, China integrated chemical complex, Celanese continues to be the only truly global producer of ultra-high molecular weight polyethylene in Asia, North America and Europe, giving Celanese the unique ability to work closely with its customers in all three regions.
"The explosive growth in electric vehicle sales around the world demonstrates that lithium-ion battery separator demand will experience significant growth in Asia and in Europe over the next five years. Celanese, as a reliable materials partner for our customers, is committed to investing further in local manufacturing capabilities to offer unmatched security of supply," concluded Kelly.
Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2019 net sales of $6.3 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com .
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