WASHINGTON, April 16, 2015 /PRNewswire/ -- Haynes and Boone, LLP lawyers advised the Celanese Corporation on its recently completed conversion of its Narrows, Va., operation to natural gas-fired boilers, a $150 million investment that replaced coal-fired boilers with natural gas to generate the steam needed to run the plant.
The firm's client team included Washington, D.C. Partner Arthur Cohen and Associate Robert Hayes.
Celanese's boiler equipment conversion project provided more than 300 jobs in Giles County during the duration of the project as well as the continued support of more than 1,000 existing jobs. The plant, which has been in operation for 75 years, is one of the world's largest producers of cellulose acetate tow, a natural and environmentally friendly product that is used for filtration applications.
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. With sales almost equally divided between North America, Europe and Asia, the company uses the full breadth of its global chemistry, technology and business expertise to create value for customers and the corporation. Based in Dallas, Celanese employs approximately 7,500 employees worldwide and had 2014 net sales of $6.8 billion.
About Haynes and Boone
Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, California, Colorado, Washington, D.C., Shanghai and Mexico City, providing a full spectrum of legal services in technology, financial services, energy and private equity. With more than 550 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal. In 2014 the firm was named the Best National Firm for Diversity in North America in the Americas Women in Business Law Awards.
CONTACT: Douglas R. Bedell
April 16, 2015 Haynes and Boone, LLP
SOURCE Haynes and Boone, LLP