smorgasbord of poetry, photos, political hairballs...MOTEs "More energy, grit and real life in them than 96.8% of the bullshit that comes into the Corpse."
Saturday, November 18, 2017
ethanol from natural gas
"When Herbert H. Champlin died on April 30, 1944, his company employed more than eight hundred people in Enid, operated service stations and wholesale outlets in twenty midwestern states, had a strong drilling and production presence in Oklahoma, Texas, Colorado, and New Mexico, and continued a major refining operation supported by one of the largest pipeline complexes in Oklahoma.
The company continued under family ownership until its stock went public in 1953. In 1954 the Champlin Refining Company was bought by the Chicago Corporation of Chicago, Illinois. This $55 million deal allowed the company to operate as a subsidiary until the Chicago Corporation changed its name to the Champlin Refining Company in 1956.
In 1964 the Celanese Corporation bought the company, and at the beginning of 1970 Celanese sold Champlin to the Union Pacific Resources Company, a division of the Union Pacific Corporation.
They operated the Champlin Refining Company in much the same manner as before.
In 1984 they sold the entire retail operation to American Petrofina, closed the Enid refinery, and ended the Champlin Refining Company's lengthy and significant presence in Oklahoma.
Bobby D. Weaver"
http://www.okhistory.org/publications/enc/entry.php?entry=CH001
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"Celanese Corporation, also known as Hoechst Celanese, is a Fortune 500 global technology and specialty materials company with its headquarters in Irving, Texas, United States.[3]
The company is a leading producer of acetyl products, which are intermediate chemicals for nearly all major industries, and is the world's largest producer of vinyl acetate monomer (VAM).[4]
Celanese's operations are primarily located in North America, Europe, and Asia. Its largest plant is in the Clear Lake area of Pasadena, Texas, United States the home to the world's largest acetic acid plant.[5] In 2016, Celanese reported net sales of $5.4 billion"
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In 1927, the American Cellulose & Chemical Manufacturing Company changed its name to Celanese Corporation of America. In 1986, its pharmaceutical business was spun off as Celgene, and, in 1987, Celanese Corporation was acquired by Hoechst and merged with its American subsidiary, American Hoechst, to form Hoechst Celanese Corporation.[8]
In 1998, Hoechst combined most of its industrial chemical operations in a new company, Celanese AG, and, in 1999, Hoechst spun off Celanese AG as a publicly traded, German corporation, traded on both the Frankfurt and New York stock exchanges.
On 16 December 2003, the U.S. private equity firm Blackstone Group announced a takeover offer for Celanese, after two years of wooing management.[9]
Shareholders formally approved the offer from Blackstone on 16 June 2004, and Blackstone completed the acquisition of Celanese AG. The company was delisted from the New York Stock Exchange, and Blackstone changed the entity's name to Celanese Corporation. Under Blackstone, a number of streamlining initiatives were undertaken, and several acquisitions were made.
On 21 January 2005, Celanese Corporation conducted an initial public offering and became a publicly traded corporation traded on the New York Stock Exchange under the symbol "CE".[10] When Blackstone sold the last of its shares in 2007, it had made five times what it had invested and it, and its co-investors collected a $2.9 billion profit.[11]
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Celanese has a process to make ethanol from natural gas.
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