Celanese Corporation Announces Strategic Partnership with Accsys Technologies for Innovative Use of Acetyl Products
Media Contacts Celanese Corporation announced that it has entered into a strategic partnership with Accsys Technologies PLC, and its subsidiary Titan Wood, for application of Celanese's core acetyl products in Accsys' proprietary AccoyaTM wood production process. Celanese, a leading global producer of acetic acid and acetic anhydride, will become the exclusive supplier of acetyl products to Titan Wood's technology licensees for use in wood Acetylation. Celanese will also make an equity investment of approximately USD $29.5 million in Accsys Technologies.
Wood Acetylation is a process that increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. The process protects wood from rot by making it "inedible" to most micro-organisms and insects, without - unlike conventional treatments - making it toxic. It also greatly reduces the wood's tendency to swell and shrink, making it less prone to cracking and ensuring that when painted it requires dramatically reduced maintenance.
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