Celanese Signs Memorandum of Understanding to Cooperate with PetroChina to Develop Synthetic Fuel Ethanol Opportunities in

  Celanese Signs Memorandum of Understanding to Cooperate with PetroChina to
  Develop Synthetic Fuel Ethanol Opportunities in China

Business Wire

BEIJING & DALLAS -- August 21, 2013

Celanese Far East Limited, a wholly owned subsidiary of the global technology
and specialty materials company Celanese Corporation (NYSE:CE), today
announced that it has entered into a Memorandum of Understanding to advance
the development of synthetic fuel ethanol with PetroChina Company Limited
(PetroChina), the largest oil and gas producer and distributor in China. Under
this arrangement, the two companies will collaborate to jointly develop
synthetic fuel ethanol opportunities in the People’s Republic of China
utilizing Celanese’s proprietary TCX® ethanol process technology.

“We are very pleased to cooperate with PetroChina to explore the growing fuel
ethanol market in China and look forward to working closely with all
stakeholders in China to bring to bear the benefits of Celanese TCX®
technology,” said Jay Townsend, senior vice president, business strategy &
development and procurement. “We are confident that the advantages of ethanol
produced from TCX® will help facilitate improvements in fuel and air quality,
control pollutants and to develop new sources of clean liquid transportation
fuel utilizing China’s abundant local resources.”

About Celanese

Celanese Corporation is a global technology leader in the production of
differentiated chemistry solutions and specialty materials used in most major
industries and consumer applications. With sales almost equally divided
between North America, Europe and Asia, the company uses the full breadth of
its global chemistry, technology and business expertise to create value for
customers and the corporation. Celanese partners with customers to solve their
most critical needs while making a positive impact on its communities and the
world. Based in Dallas, Texas, Celanese employs approximately 7,600 employees
worldwide and had 2012 net sales of $6.4 billion. For more information about
Celanese Corporation and its product offerings, visit www.celanese.com or our
blog at www.celaneseblog.com.

About Celanese TCX^® Technology

Celanese TCX^® Technology, an innovative ethanol production process, helps
countries that seek diverse, secure transportation fuel meet their growing
needs by converting domestic natural gas and coal feedstocks to liquid fuel.
For more information, visit www.celanesetcx.com.

Forward-Looking Statements

This release may contain “forward-looking statements,” which include
information concerning the company's plans, objectives, goals, strategies,
future revenues or performance, capital expenditures, financing needs and
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expectations or that these beliefs will prove correct, including that any one
or more plants will be constructed or will operate on the schedule or with the
terms desired by the company. There are a number of risks and uncertainties
that could cause actual results to differ materially from the results
expressed or implied in the forward-looking statements contained in this
release. These risks and uncertainties include, among other things: changes in
general economic, business, political and regulatory conditions; changes in
the price and availability of raw materials; the ability to improve
productivity by implementing technological improvements; increased price
competition and the introduction of competing products by other companies;
market acceptance of our technology; the ability to obtain governmental
approvals and to construct facilities on terms and schedules acceptable to the
company; unavailability of required materials and equipment; unanticipated
operational or commercial difficulties, including failure of facilities or
processes to operate in accordance with specifications or expectations; the
ability to achieve and maintain plant utilization; ability of third parties,
including our commercial partners, suppliers or others, to comply with their
commitments to us; the cost or availability of capital necessary to fund plant
construction; changes in the degree of intellectual property and other legal
protection afforded to our products or technology, or the theft of such
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potential liability resulting from pending or future litigation, or from
changes in the laws, regulations or policies of governments or other
governmental activities in the countries in which we operate; changes in
currency exchange rates and interest rates; and various other factors
discussed from time to time in the company's filings with the Securities and
Exchange Commission. Any forward-looking statement speaks only as of the date
on which it is made, and the company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after the date
on which it is made or to reflect the occurrence of anticipated or
unanticipated events or circumstances.

Contact:

Celanese
Investor Relations
Jon Puckett, +1 972-443-4965
Telefax: +1 972-443-8519
Jon.Puckett@celanese.com
or
Media Relations
Travis Jacobsen, +1 972-443-3750
Telefax: +1 972-443-8519
William.Jacobsen@celanese.com
 
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