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Celanese Form Strategic Partnership with Accsys Technologies Involving Acetyl Products

Mar 29 2007

Celanese Corporation, a global, hybrid chemical company, today announced that it has entered into a strategic partnership with Accsys Technologies PLC, and its subsidiary Titan Wood, for application of Celanese’s core acetyl products in Accsys’ proprietary AccoyaTM wood production process. Celanese, a leading global producer of acetic acid and acetic anhydride, will become the exclusive supplier of acetyl products to Titan Wood’s technology licensees for use in wood acetylation. Celanese will also make an equity investment of approximately USD $29.5 million in Accsys Technologies

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