Celanese to Source Methanol from Southern Chemical Corporation.

Business Editors

KRONBERG, Germany--(BUSINESS WIRE)--July 22, 2003

Celanese AG (NYSE:CZ)(FWB:CZZ) announced today that it will source methanol from Southern Chemical Corporation (SCC) beginning in 2005 under a multi-year agreement. The methanol will be produced from natural gas at a 1.9 million ton facility currently under construction in Trinidad and Tobago by Methanol Holdings Trinidad Limited.

Methanol is a key material in the production of acetic acid and other Celanese products. Celanese said the agreement provides the ability to purchase most of its North American internal methanol requirements from SCC.

"This strategic agreement is expected to reduce significantly our overall exposure to the U.S. Gulf Coast natural gas market and provide attractive economics for our core Acetyls business," said David Weidman, Chief Operating Officer of Celanese AG. "Combined with our leading acetic acid technology, the agreement further strengthens our competitiveness."

Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company.

Celanese AG (www.celanese.com), is a global chemicals company with leading positions in its key products and world class process technology. The Celanese portfolio consists of five main businesses: Acetyl Products, Chemical Intermediates, Acetate Products, Technical Polymers Ticona and Performance Products. Celanese generated sales in 2002 of around EUR 4.3 billion and had 10,700 employees. The company has 25 production plants and six research centers in 11 countries mainly in North America, Europe and Asia. Celanese AG shares are listed on the Frankfurt stock exchange (stock exchange symbol CZZ) and on the New York Stock Exchange (symbol CZ).

Southern Chemical Corporation (www.southernchemical.com) is an established and recognized marketer of methanol in North America. Founded in 1997 to market product from Methanol Holdings Trinidad Limited, SCC has grown to become one of North America's leading importers and marketing centers of methanol. Located in Houston, Texas, Southern Chemical has established a distribution network in the US, Canada, and Mexico.