A new technology to produce ethanol from coal could be a new alternative to plant-produced ethanol.

Chemical product company Celanese recently introduced investors to Celanese TCX™, a new and proprietary technology for ethanol production from coal, petroleum coke or natural gas. According to company officials who call it game-changing technology, Celanese TCX™ can produce ethanol at the equivalent of gasoline produced with $60 per barrel crude oil.

Celanese, which has offices around the world and in Dallas, Tex., is planning to build two facilities in China by the end of the year that will use coal to produce ethanol for industrial uses. Officials say they may produce ethanol for fuel as well in China and other countries.