Celanese Far East Limited, a subsidiary of Celanese Corporation, has signed letters of intent to construct and operate industrial ethanol production facilities in Nanjing, China, at the Nanjing Chemical Industrial Park and in Zhuhai, China, at the Gaolan Port Economic Zone. Pending project approvals, Celanese could begin industrial ethanol production within the next 30 months with an initial nameplate capacity of 400,000 tons per year per plant with an initial investment of approximately $300 million per plant. The company is pursuing approval at two locations to ensure its ability to effectively grow with future demand, according to the company.
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