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Business
Celanese Sells Pampa Facility
August 20, 2007
| A version of this story appeared in
Volume 85, Issue 34
Babcock & Brown has purchased Celanese's Pampa, Texas, acetic acid and acetic anhydride production facility for an undisclosed sum. Babcock & Brown, an investment and advisory firm, plans to develop the facility for commercial power generation. Celanese and Babcock & Brown will coexist on the site for a period of time while Celanese's chemical operations continue there until at least early 2009. Celanese has about 250 employees at the unit.
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