Celanese Sells Pampa Facility | Chemical & Engineering News
Volume 85 Issue 34 | p. 25 | Concentrates
Issue Date: August 20, 2007

Celanese Sells Pampa Facility

Department: Business | Collection: Economy

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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