Celanese (CE) Boosts Sustainable Products Across Acetyl Chain

Celanese Corporation CE has announced that it will offer more sustainable versions of multiple Acetyl Chain materials with mass balance bio-content. In order to be more consistent with innovative bio-based offerings, which were earlier launched for Engineered Materials Customers, the products will be labeled as ECO-B. The expanded product portfolio, which is chemically identical to standard products, will offer additional support to Acetyl Chain solutions that already provide sustainable results to customers by reducing waste and materials usage.

These products are designed through a process that allows the transition from fossil to renewable raw materials to occur while preserving the energy efficiency benefits associated with large-scale manufacturing. Mass balance allows the mixing of fossils and bio-based feedstocks in production but will be accounted for separately through a third-party certified accounting process.

In order to help customers manufacture more sustainable products for downstream markets, the company is also offering ECO-B versions of other Acetyl Chain intermediate chemicals like acetic acid, vinyl acetate monomer, amines, acetate esters and anhydrides. These products play a key role at the end of manufacturing a wide range of products. ECO-B is expected to provide immediate benefits and will be used for various applications like pharmaceutical solvents, crop protection, photovoltaics, cleaning products, inks, lubricants and engineered foams. The company is making these products available for commercial orders.

The company stated that by using ECO-B products, the customers will be able to reduce carbon dioxide (CO2) emissions from their production processes and fulfill their renewable content goals. Along with reducing greenhouse gases, these sustainable versions of the Acetyl chain will enable the customers to provide differentiated offerings to their end consumers, mainly in the building and construction, adhesives, fiber coatings, flexible packaging, paint and furniture markets.

CE’s shares have lost 24.1% in the past year compared with 17% fall recorded by its industry.

Zacks Investment Research
Image Source: Zacks Investment Research

Factoring in the expected impact of the M&M acquisition in November and December, the company projects adjusted earnings for the fourth quarter in the range of $1.5 to $2.00 per share. It also expects softness in demand due to the seasonality effect and consumer destocking.

 

Celanese Corporation Price and Consensus

Celanese Corporation Price and Consensus

Celanese Corporation price-consensus-chart | Celanese Corporation Quote

Zacks Rank & Key Picks

Celanese currently carries a Zacks Rank #3 (Hold).

Better-ranked stocks to consider in the basic materials space include Carpenter Technology Corporation CRS, Cal-Maine Foods, Inc. CALM and Clearwater Paper Corporation CLW. CALM and CLW both sport a Zacks Rank #1 (Strong Buy), while CRS carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.  

CRS’ shares have gained 51.3% in the past year. The company has an earnings growth rate of 203.8% for the current year. The firm outpaced Zacks Consensus Estimate in all of the last four quarters. It delivered a trailing four-quarter earnings surprise of 33.6% on average.

Cal-Maine’s shares have gained 27.5% in the past year. The company has an earnings growth rate of 417.7% for the current year. The Zacks Consensus Estimate for CALM’s current-year earnings has been revised 73.8% upward in the past 60 days.

The company topped Zacks Consensus Estimate in three of the last fourth quarters. It delivered a trailing four-quarter earnings surprise of 15.3% on average.

CLW’s shares have gained 20.5% in the past year. The company has an earnings growth rate of 278.6% for the current year.

Clearwater Paper beat Zacks Consensus Estimate in three of the last four quarters. It delivered a trailing four-quarter earnings surprise of 13% on average.




 




 

Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry

Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in?  If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.

>>Send me my free report on the top 5 EV stocks

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Cal-Maine Foods, Inc. (CALM) : Free Stock Analysis Report

Carpenter Technology Corporation (CRS) : Free Stock Analysis Report

Celanese Corporation (CE) : Free Stock Analysis Report

Clearwater Paper Corporation (CLW) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.