Celanese Corporation, a global chemical and specialty materials company, announced the publication of its 2021-2022 Sustainability Report, Accelerating Solutions Through Chemistry, and its complementary 2021-2022 Sustainability Index, said the company.
This year’s report highlights the company’s progress and investments as it drives environmental, social and governance (ESG) initiatives across its global enterprise and continues to innovate for a sustainable future. The associated index provides a comprehensive view of ESG resources and disclosures, including alignment with sustainability frameworks and ESG-related policies, practices, and metrics.
“Celanese is committed to improving the world and well-positioned to develop innovative customer solutions that help meet the world’s sustainability challenges,” said Lori Ryerkerk, Celanese chairman, chief executive officer and president. “Our focus on making a difference guides our investments in our operations, our employees and our communities."
Leveraging its four strategic pillars, Elements of Opportunity, Celanese demonstrated its sustainability progress by:
Advancing Safe and Sustainable Customer Solutions
• Announcing the pending acquisition of the majority of DuPont’s Mobility & Materials (M&M) business, supporting growth in future mobility, connectivity and medical applications.
• Launching new, more sustainable polyacetal (POM) and polybutylene terephthalate (PBT) product offerings, POM ECO-B and PBT ECO-B. Both leverage the mass balance concept to produce products from biowaste-based sources.
• Receiving a grant from the Bill & Melinda Gates Foundation to produce a prototype for a refillable contraceptive implant that has the potential to expand global access to women’s health solutions where options may be otherwise limited.
We remind, the European Commission has approved the proposed USD11 billion acquisition of Dupont's mobility and materials business by U.S. chemicals company Celanese Corp (CE.N), on the condition that the latter divests a plastics-producing business. Celanese announced the deal in February but had to offer remedies to address EU antitrust concerns. The combined entity would have been the largest producer of thermoplastic copolyester (TPC) in the European Economic Area and globally, with only a few alternative suppliers remaining. The product is primarily used by automakers.
mrchub.com