Celanese Successfully Converts Coal-fired Boiler Plant to Environmentally-friendly Gas-fired Boilers

$150 million clean energy conversion project now complete at Virginia facility

DALLAS & NARROWS, Va.--()--Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announced it has completed the conversion of its Narrows, Va., operation to natural gas-fired boilers. Celanese invested $150 million to replace its coal-fired boilers with natural gas to generate the steam needed to run the plant’s electrical generators and processes.

“The completion of this project is a concrete example of our commitment to carrying out two important Celanese core values – Being Sustainable and Improving the World,” said Jon Mortimer, vice president of Manufacturing & Capital Projects, Celanese. “This is a milestone in Celanese’s continued growth and an opportunity for us to do our part to create a cleaner environment for the communities where we operate.”

“Celanese’s investment in its Narrows, Virginia, plant speaks volumes to the commitment the company has made to improve the well-being of the people of Giles County,” said Congressman Morgan Griffith (R-VA). “This project has impacted the State of Virginia and its residents in many positive ways, particularly by creating new job opportunities.”

“Improving the power system at the Narrows, Virginia, plant is both a smart business decision and is good for the environment,” said Jean Lupinacci, acting director of the EPA’s Climate Protection Partnerships Division and ENERGY STAR program. “These upgrades, along with Celanese’s application of ENERGY STAR energy management resources, place the company firmly on the path to continuously improving its energy management system.”

The Celanese Narrows plant has been in operation for 75 years. Celanese’s boiler equipment conversion project provided more than 300 jobs in Giles County during the duration of the project as well as the continued support of more than 1,000 existing jobs. The plant is one of the world’s largest producers of cellulose acetate tow, a natural and environmentally friendly product that is used for filtration applications.

About Celanese

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. With sales almost equally divided between North America, Europe and Asia, the company uses the full breadth of its global chemistry, technology and business expertise to create value for customers and the corporation. Celanese partners with customers to solve their most critical needs while making a positive impact on its communities and the world. Based in Dallas, Texas, Celanese employs approximately 7,500 employees worldwide and had 2014 net sales of $6.8 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

All registered trademarks are owned by Celanese International Corporation or its affiliates.

Forward-Looking Statements

This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. These factors include the inability to obtain regulatory approvals of the transaction and satisfy conditions on the proposed terms and schedule and the possibility that the transaction does not close. Other risk factors include those that are discussed in the company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

Contacts

Celanese Contacts:
Investor Relations
Jon Puckett, +1-972-443-4965
jon.puckett@celanese.com
or
Media Relations – Global
W. Travis Jacobsen, +1-972-443-3750
william.jacobsen@celanese.com
or
Media Relations Asia (Shanghai)
Phoebe Li, +86(21)3861 9210
Phoebe.li@celanese.com.cn
or
Media Relations Europe (Germany)
Jens Kurth, +49(0)69 45009 1574
j.kurth@celanese.com

Release Summary

Celanese Successfully Converts Coal-fired Boiler Plant to Environmentally-friendly Gas-fired Boilers; $150 million clean energy conversion project now complete at Virginia facility

Contacts

Celanese Contacts:
Investor Relations
Jon Puckett, +1-972-443-4965
jon.puckett@celanese.com
or
Media Relations – Global
W. Travis Jacobsen, +1-972-443-3750
william.jacobsen@celanese.com
or
Media Relations Asia (Shanghai)
Phoebe Li, +86(21)3861 9210
Phoebe.li@celanese.com.cn
or
Media Relations Europe (Germany)
Jens Kurth, +49(0)69 45009 1574
j.kurth@celanese.com