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Celanese Corporation Message Board

  • andagainlater andagainlater Jan 26, 2013 2:57 PM Flag

    Air pollution in Beijing

    Do the Chinese politicos want to restrict the use of coal or want to clean up the smog by blending ethanol into their gasoline. Read about only industrial ethanol production in China, unlike Indonesia where they have embraced fuel ethanol. Is the situation tentitive in China ?????? Any news???

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    • CE ethanol starts with coal....I would think they would prefer Methanol. I think this project is doomed at CE. I read they will "perhaps" spend 2.5 B in Indonesia to get ethanol started. China would have been the logical choice as they have a base infrastructure. Also with Europe in the tank CE will have a cash generation issue as they make most of their money in Europe. Where does the funding come from? They will need to sell assets to fund the unproven ethanol business. really risky and not a wise move, and not a move in the best interest of shareholders. It is time for a major overhaul of this company, its management, its strategy, its board of directors.

      Sentiment: Strong Sell

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