Celanese Corp (CE) News & EventsCECelanese Corp

Celanese Signs Agreement to Sell 19% Stake in Nutrinova to Mitsui

Celanese announced it has signed a definitive agreement with Mitsui to sell an additional 19% of the Nutrinova food ingredients business to Mitsui in a transaction with total cash proceeds of approximately $152M. The transaction monetizes an ownership interest that represented approximately $4M of equity earnings in 2025. This transaction also allows the company to retain an 11% interest in the JV. The transaction is expected to close in the fourth quarter of this year. In connection with this transaction, Celanese has agreed to own and operate a diketene production facility for a transitional period before being transferred to Nutrinova. This facility is co-located with, and supplies raw materials to, the Nutrinova facility in the Industriepark Hochst in Frankfurt, Germany. Nutrinova is partnering with Celanese based on its experience operating chemical manufacturing assets. In addition to the approximately $152M received in connection with the sale of the JV interests, Nutrinova is providing Celanese with the entirety of the production facility's purchase price as well as all future cash required to cover the unit's ongoing operating costs. Celanese is not obligated to provide any funding in connection with this unit, but will contribute the expertise of its process chemists, operators and maintenance professionals to safely and reliably operate the asset.

Celanese Expects Approximately $6.00 Adjusted EPS for the Year

"While earnings are expected to moderate from the strong second quarter level, we remain focused on executing the initiatives within our control and continue to expect approximately $6.00 of adjusted earnings per share and $700 to $800 million of free cash flow for the full year. In the second quarter, we saw early benefits of our growth strategy and the increasing contribution of our growth platforms. Together with our productivity, portfolio, and footprint actions, these initiatives position Celanese to deliver strong performance in 2026 and create additional earnings growth opportunities in the years ahead," Scott Richardson, president and chief executive officer

Scott Richardson Expects Q3 Adjusted EPS of $1.35 to $1.75

"Looking to the third quarter, we expect continued moderation of supply-related opportunities, along with the impact of higher raw material costs in Engineered Materials and inventory-related actions associated with our nylon 6,6 and Lanaken footprint optimizations," continued Scott Richardson, president and chief executive officer. "Based on these dynamics, we expect third quarter adjusted earnings per share of approximately $1.35 to $1.75."