Celanese Says Ethanol-From-Coal Process Is a ‘Game-Changer’

Bloomberg
By Jack Kaskey - May 10, 2011 3:13 PM CT

Celanese Corp. (CE) said its technology to make ethanol from coal is more profitable than producing the gasoline additive from plants, and is a “game-changer” for the U.S. chemicals company.

The so-called TCX technology can convert coal, petroleum coke or natural gas to ethanol for 25 percent to 35 percent less than alternative processes, Celanese said today in presentation slides posted on its website. The cost of converting coal to ethanol is $1.50 a gallon, equal to making gasoline from crude oil costing $60 a barrel, the Dallas-based company said.

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