Gov. Bob McDonnell announced today that the Celanese Corporation, a global technology and specialty materials company, will invest $150 million in its Giles County operation.
The company, which manufactures cellulose acetate tow at the plant, will replace its coal-fired boilers with natural gas-fired boilers. The project, in conjunction with other efforts at the site, will enable creation of at least 22 full-time Celanese positions and will require approximately 200 construction workers. Virginia competed against global options for this Giles County investment.
“Celanese is one of the largest employers and offers some of the best-paying jobs in the region,” McDonnell said. “Converting the Giles County facility to natural gas demonstrates that the company is really investing in the future of the operation. This tremendous investment will allow the plant to improve its energy production capability, while positioning Celanese for profitable growth and job creation in the years ahead. The company is essential to the economic vitality of the area, and I am confident that this upgrade guarantees Celanese’s continued viability and success in the New River Valley.”
“This project is significant for both Celanese and Giles County,” Jim Cheng, Virginia Secretary of Commerce and Trade, added. “Natural gas is a cleaner energy source, thus reducing the company’s carbon footprint. And this significant investment helps ensure that Giles County will retain a valued employer and corporate partner and gain an additional 22 well-paid positions.”
“Celanese is excited about the opportunity this project represents, particularly in the areas of improved reliability and favorable progress against our environmental and sustainability goals. We appreciate the support from Virginia and Giles County to help make this investment possible,” Lou Purvis, vice president, general manager, Celanese Acetate, said. “We are proud of our 72 year history in the county and this project which will help ensure our future success.”
For more on McDonnell’s investment, and how it will help the Celanese plant grow, see Thursday’s edition of the Daily Telegraph.