US-based chemicals company Celanese has entered into a
memorandum of understanding to advance the development of
synthetic fuel ethanol with PetroChina, the companies confirmed
Under this arrangement, the two companies will collaborate to
jointly develop synthetic fuel ethanol opportunities in China
utilizing Celaneses proprietary TCX ethanol process technology.
We are very pleased to cooperate with PetroChina to
explore the growing fuel ethanol market in China and look
forward to working closely with all stakeholders in China to
bring to bear the benefits of Celanese TCX technology, said Jay Townsend,
senior vice president at Celanese for business strategy,
development and procurement.
We are confident that the advantages of ethanol produced from TCX
will help facilitate improvements in fuel and air quality,
control pollutants and to develop new sources of clean liquid
transportation fuel utilizing Chinas abundant local
resources," he added.