Canvas Category OEM : Chemical
Celanese Corporation is a global technology leader in the production of specialty materials and chemical products which are used in most major industries and consumer applications. Our products, essential to everyday living, are manufactured in North America, Europe and Asia. We are one of the world’s largest producers of acetyl products, which are intermediate chemicals for nearly all major industries. We are also a leading global producer of high-performance engineered polymers that are used in a variety of high-value applications.
Celanese's Vision for an Autonomous, Self-Optimizing Plant Powered by Generative AI
One of the key things we’ve been planning to do in 2023 is scaling the (Cognite) platform, bringing all the data together, putting the right context, the right meaning to it, getting it contextualized and modeling it. As part of that investment, we’re using artificial intelligence and generative AI capabilities. But our artificial intelligence journey or generative artificial intelligence is only as good as our underlying data. So, the biggest effort for us has been to standardize the data on common data models, bring it all together, contextualize it and then start leveraging AI capabilities on top of that.
You have to make sure that whatever you’re architecting actually is intuitive and works and addresses the needs of the people. For example, you have this phone, right? I don’t need a user manual or training for this. It just works, and I am married to it. I can’t live without it. So we have to find the balance of making the right solutions for the people and keeping that in mind. Also, we have developed what we call a Digital Manufacturing Academy that is now available globally for all our users. And that academy is really around giving people the ability to upskill, have more data literacy, more digital literacy skills, and even give people the opportunity to start learning how to code, if they need to.
Celanese and Mitsui Sign Definitive Agreement to Form Nutrinova, a Food Ingredients Joint Venture
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Mitsui & Co., Ltd. today announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova. Celanese will contribute the assets, technology and employees of its Food Ingredients business while retaining a 30 percent stake in the joint venture. Mitsui will acquire the remaining 70 percent stake at a purchase price of $472.5 million, representing an enterprise valuation of approximately 15 times 2022 EBITDA. The parties expect to close the transaction in the second half of 2023, pending regulatory approvals.
The Nutrinova joint venture builds upon the existing long-term strategic partnership between the two companies. The agreement combines the technology, product portfolio and backward integration of the Celanese Food Ingredients business with Mitsui’s long-standing positions across the food value chain in Asia and other regions. Additionally, Celanese will continue to meet the full acetyls raw material needs of the Nutrinova JV under a long-term supply agreement.
Celanese Announces Collaboration with nScrypt to Advance Printed Electronics Space
Celanese today announced a new strategic partnership between its Micromax™ Electronic Inks and Pastes and nScrypt, which designs and manufactures high-precision microdispensing and direct digital manufacturing (3D printing) equipment for various industrial applications.