MOSCOW (MRC) -- Celanese Corporation, a global chemical and specialty materials company, has announced that its subsidiary, Celanese (Nanjing) Chemical Co. Ltd., has recently extended its long-term contract with Nanjing Dragon Crown Liquid Chemical Terminal Co. Ltd., for providing terminal services to its integrated chemical facility in the Nanjing Chemical Industrial Park, Nanjing City, in eastern China (Jiangsu Province), as per the company's press release.
Financial details of the contract were not disclosed.
Reliable terminal services are a key component of a highly efficient end-to-end supply chain. Extending this critical contract will provide Celanese’s Nanjing manufacturing facility with ongoing and reliable terminal services for the company’s acetyls chemical products.
“Dragon Crown has consistently provided Celanese with safe, compliant and reliable terminal services in China for more than a decade,” said John Fotheringham, Celanese Senior Vice President, Acetyls. “The renewal of this contract is a representation of the collaboration between the two parties and further strengthens our long-term business relationship.”
With manufacturing and distribution in all regions of the world, Celanese is a leading producer of acetic acid and other acetyl intermediate products, which are basic chemicals used in the manufacture of paints and coatings, adhesives, plastics, food packaging and construction materials.
As MRC informed earlier, Celanese has recently announced plans to add a 15,000-metric tons/year line for the production of GUR ultra-high molecular weight polyethylene (UHMWPE) at its facility in Bishop, Texas. Startup is expected by.the beginning of 2022.
According to MRC"s ScanPlast report, Russia"s estimated PE consumption totalled 1,594,510 tonnes in the first nine months of 2020, up by 1% year on year. Only high denstiy polyethylene (HDPE) shipments increased.
Dragon Crown is an integrated terminal service provider in the PRC specialized in the storage and handling of liquid chemical products. Dragon Crown offers a comprehensive range of high-quality terminal and storage of liquid chemical services ranging from loading and discharging of liquid chemical products at Dragon Crown jetties and storage of liquid chemical products at Dragon Crown’s tank farm and delivery of such products by utilizing Dragon Crown’s dedicated pipelines and other basic terminal infrastructure. Nanjing Dragon Crown (NJDC) was incorporated April 26, 2004.
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. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2019 net sales of USD6.3 billion.
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