Complete the new acetic acid facility and Fairway Methanol facility expansion
Delivered after the deadline
AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.
- Announced
- 23 Feb 2023
- Due
- 31 Dec 2023
- Delivered
- Q1 2024
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“substantially progressed on low-capital projects which will be complete this year and further elevate our Clear Lake site, including a new 1.3 million ton acetic acid facility and an expansion of our Fairway Methanol facility”
What we found
Evidence strength A What the grades mean
The company failed to complete the acetic acid facility by the end of 2023, with filings indicating it was not operational in Q4 2023 and was starting up in Q1 2024.
-
A Celanese 8-K filed 2024-02-20
“The unfavorable impact would have been significantly reduced if our Clear Lake acetic acid expansion was operational” ✓ confirmed on the page
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A Celanese 8-K filed 2024-02-20
“Contributions from those expansions will be negligible in the first quarter, as acetic acid is starting up later in the quarter” ✓ confirmed on the page
Market reaction: the shares moved -2.6% against the S&P 500 over the three sessions around the disclosure (16 Feb 2024 to 22 Feb 2024). What this measures
Checked 20 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Facility other
- Indicative materiality
- Medium rules
- Action
- Complete
- Deliverable
- new 1.3 million ton acetic acid facility and Fairway Methanol facility expansion
- Target
- 1.3 million ton
- Where
- Clear Lake
- Language
- Firm (“will”, “on track to”)
- In the company’s control
- High
- Specificity
- High
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: disagreesClaude (Anthropic) re-read the evidence blind and read it as “Not met”.
- Tie-breakA stronger model read the evidence and both earlier answers, without knowing which was recorded, and agrees with the second check.
Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works
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Report an error in this entry Reference: KI-C-2023-CE-017422 · Corrections policy